Form 8863
Form 8863
Education Credits (American Opportunity and Lifetime Learning Credits)
Every line is explained below in plain English — click any line to see what it means, who needs to fill it in, and what people commonly overlook.
Refundable American Opportunity Credit
Nonrefundable Education Credits
- 9 Tentative Education Credits The total tentative education credits before income limitations are applied.
- 18 Nonrefundable Education Credits The nonrefundable education credits after applying income phase-outs and the tax liability limitation.
- 19 Education Credit The total nonrefundable education credit from Form 8863 that flows to Schedule 3, line 2.
Student and Educational Institution Information
- 23 Qualified Expenses Adjusted qualified education expenses for each student.
- 27 Tentative American Opportunity Credit Per Student The tentative American Opportunity Tax Credit for a single student.
- 31 Tentative Lifetime Learning Credit Per Student The qualified expenses used to calculate the Lifetime Learning Credit for each student.