Individual Tax

A side view of a laptop leaning against a stack of 8 large books with the text "College Credit" written in red next to the laptop.

Who can or should take the American Opportunity credit?

March 29, 2017

If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If your income is too high, you won’t qualify for the credit — but your child might. There’s one potential downside: If your dependent child claims the credit, you must forgo your dependency…

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