Form 8863: Education Credits (American Opportunity and Lifetime Learning Credits)

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Form 8863
Form 8863: Education Credits (American Opportunity and Lifetime Learning Credits)
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About this Form:

Form 8863, Education Credits, is used to calculate and claim eligible education tax credits for qualified expenses paid to an eligible postsecondary educational institution.

The form covers two credits: the American Opportunity Credit and the Lifetime Learning Credit. These credits may help reduce the amount of federal income tax owed when eligibility requirements are met.

Form 8863 includes information about the student, eligible educational institution, qualified expenses, and any education-related amounts reported on Form 1098-T. Taxpayers generally attach the completed form to their federal income tax return when claiming an education credit.

Documents Helper provides this form for educational and preparation purposes only. We do not submit Form 8863 to the IRS or any other organization. Please review the current IRS instructions or consult a qualified tax professional before filing.

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Form 8863: Education Credits (American Opportunity and Lifetime Learning Credits) FAQs

What is Form 8863 used for?
Form 8863 is used to calculate and claim the American Opportunity Credit or the Lifetime Learning Credit for eligible education expenses.
What education credits are included on Form 8863?
Form 8863 includes the American Opportunity Credit and the Lifetime Learning Credit. The American Opportunity Credit may be partially refundable, while the Lifetime Learning Credit is nonrefundable.
Do I need Form 1098-T to complete Form 8863?
Taxpayers generally use information from Form 1098-T, Tuition Statement, along with their qualified education expense records when completing Form 8863.