Not have claimed the AOTC or the former Hope credit for more than four tax years.Not have finished the first four years of higher education at the beginning of the tax year. Be enrolled at least half time for at least one academic period * beginning in the tax year. Be pursuing a degree or other recognized education credential.To be eligible for AOTC, the student must: The amount of the credit is 100 percent of the first $2,000 of qualified education expenses you paid for each eligible student and 25 percent of the next $2,000 of qualified education expenses you paid for that student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you. You can get a maximum annual credit of $2,500 per eligible student. The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education.
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