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Use Form 8863 to figure and claim your education credits, which are based on adjusted qualified education expenses paid to an eligible educational institution (postsecondary). For 2023, there are two education credits. The American opportunity credit, part of which may be refundable.
Enter the amount from line 7 of the Credit Limit Worksheet (see instructions) here and on Schedule 3 (Form 1040), line 3 . . . . . . . . . . . . . . . 19. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 25379M Form . 8863 (2023)
NONREFUNDABLE CREDIT WORKSHEET. Enter the amount from Form 8863, line 18. Enter the amount from Form 8863, line 9. Add lines 1 and 2. Enter the amount from: Form 1040 or 1040-SR, line 18. Enter the total of your credits from: Schedule 3 (Form 1040), lines 1 and 2, 6d and 6l.
Use the IRS Form 8863 Credit Limit Worksheet to calculate your allowable AOTC amount based on eligible expenses and income limits. Key steps include: Determining qualifying expenses from Form 1098-T and other documentation
Enter the amount from line 7 of the Credit Limit Worksheet (see instructions) here and on Schedule 3 (Form 1040), line 3 . . . . . . . . . . . . . . . 19. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 25379M Form . 8863 (20XX)
To compute the amount of your Lifetime Learning Credit, enter the name, Social Security number, and qualified expenses of each applicable student on IRS Form 8863. Enter $10,000 or your actual expenses, whichever is smaller, then multiply this number by 20 percent.
Download or print the 2023 Federal Form 8863 (Education Credits (American Opportunity and Lifetime Learning Credits)) for FREE from the Federal Internal Revenue Service.
File with H&R Block to get your max refund. In order to claim these credits, you have to fill out Form 8863 and attach it to your tax return. While you can’t claim both credits for one student, you can use one form to claim both credits for separate students.
IRS Form 8863, Education Credits, is the tax form that a taxpayer may use to take a tax credit for qualified education expenses they incurred during the year. This includes the American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit.
This article contains answers to frequently asked questions regarding the 8863 in individual returns: For information on generating the 8863 see Education Credit and Expenses Workflow. Calculations and limitations addressed in this article may be impacted by inflation adjustments for the year.