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All glossary terms

Glossary term

American Opportunity Tax Credit

A partially refundable education credit of up to $2,500 per eligible student for the first four years of post-secondary education.

Related terms

1

Jurisdictions

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Definition

The Section 25A American Opportunity Credit covers 100 percent of the first $2,000 of qualified education expenses plus 25 percent of the next $2,000, with 40 percent of the credit refundable. Phaseouts apply for higher MAGI.

Examples

  • A college student with $4,000 of qualified expenses receives the full $2,500 credit subject to MAGI phaseout.

Translations

EScrédito de oportunidad americana
ZH美国机会税收抵免
DEAmerican Opportunity Steuergutschrift
FRcrédit American Opportunity
JAアメリカン・オポチュニティー控除

Citations

26 U.S.C. · 25A

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This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.