AOTC Key Messages

These are the key messages for this filing season. The messages center on reaching those who are eligible for an education credit.

 

2021 Filing Season Education Credit Key Messages

  • In general, a student is required to have Form 1098-T, Tuition Statement, to be eligible for an education tax credit. The student receives this form from the school attended.
  • If you claim the American opportunity tax credit, the law requires you to include the school’s Employer Identification Number (EIN).
  • If you paid for college or other post-secondary education in 2020, you may receive some tax savings on your federal tax return or receive a refund, even if you’re enrolled in an online program or studying outside of the United States.
  • A student can only be claimed for the American opportunity tax credit for four tax years. However, the years don’t have to be consecutive and courses can be taken online.
  • You may qualify for the American opportunity tax credit for your dependent’s post-secondary education expenses if you and the student each have a taxpayer identification number (TIN) issued by the due date of the return (including extensions). The TIN can be a Social Security number, an individual taxpayer identification number or an adoption taxpayer identification number.
  • You may qualify for the American opportunity tax credit for your post-secondary education expenses if you have a taxpayer identification number (TIN) issued by the due date of the return (including extensions). The TIN can be a Social Security number, an individual taxpayer identification number or an adoption taxpayer identification number.

 

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