Form 8863 – Education Credits (American Opportunity and Lifetime Learning Credits)

Education and College Planning, Personal Finance
Published Date: November 29, 2024
Last Modified: 4 months ago

What is IRS Form 8863 and How Does it Help with Education Costs?

Form 8863, titled “Education Credits (American Opportunity and Lifetime Learning Credits),” is an IRS tax form used by eligible taxpayers to claim either the American Opportunity Credit or the Lifetime Learning Credit, which are tax credits designed to help offset the costs of higher education. These credits directly reduce the amount of tax you owe.

Glossary Article

Education and College Planning, Personal Finance

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Form 8863 is the IRS tax form you use to claim education tax credits like the American Opportunity Credit and the Lifetime Learning Credit, which can significantly reduce your tax bill. These credits help offset the cost of higher education.

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Form 8863 – Education Credits (American Opportunity and Lifetime Learning Credits)

Form 8863 is the IRS form you'll use to claim valuable tax credits for educational expenses, which can significantly lower your tax bill. It helps make higher education more affordable.

How to Properly Claim Education Credits on Your Return

Education credits—the American Opportunity Credit and Lifetime Learning Credit—can directly reduce your tax bill when you pay qualified higher-education expenses. Proper documentation and the right form (8863) are essential to capture the full benefit.

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Form 8863 – Education Credits (American Opportunity and Lifetime Learning Credits)

What is IRS Form 8863 and How Does it Help with Education Costs?

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One Application. 20+ Loan Offers. No Credit Hit

One Application. 20+ Loan Offers.
No Credit Hit