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2. American Opportunity Credit Introduction For 2009, there are three tax credits available to help you offset the costs of higher education by reducing the amount of your income tax. They are the
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What is american opportunity?
The American Opportunity Credit is a tax credit that can be claimed by eligible students to help cover the cost of higher education expenses.
Who is required to file american opportunity?
Individuals who meet the eligibility criteria and have incurred qualified education expenses may file for the American Opportunity Credit.
How to fill out american opportunity?
To claim the American Opportunity Credit, you must use Form 8863, Education Credits, when filing your federal tax return. Fill in the required information and follow the instructions provided.
What is the purpose of american opportunity?
The purpose of the American Opportunity Credit is to provide financial assistance to eligible students and their families to help offset the cost of higher education.
What information must be reported on american opportunity?
When claiming the American Opportunity Credit, you must report the amount of qualified education expenses paid, as well as any other required information such as the educational institution's information and the student's enrollment status.
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