Uncommon
American Opportunity
Receive a tax credit for qualifying education costs.
About this strategy
The American Opportunity Tax Credit helps eligible taxpayers offset qualified higher-education expenses during a student's first four years of postsecondary education. The credit can be worth up to $2,500 per eligible student, with up to 40% potentially refundable. Eligibility depends on factors including qualified expenses, enrollment status, prior use of the credit, and income.
Implementation resources
Slides, templates, and supporting videos.