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Alaska Form 6390i Federal Based Credits Instructions 2021

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all right for this video I want to go over the form 8863 and in particular the lifetime learning tax credit so the 8863 can be filed for either the American Opportunity tax credit or the lifetime learning credit and so for this one we're going to go through a scenario where Jane Doe or taxpayer here is going to claim the lifetime learning credit so I've got the form in front of us it's it's a two-page form so we'll go through all the elements here but first I do have one slide that just covers some of the background on this so you can get a sense of what the differences are between the aotc and then the lifetime learning credit so again the U.S has two types of educate education tax credits right and they're both claimed on this form uh it's the aotc and then the lltc right now there used to be an option to claim a itemized deduction uh for tuition and fees expenses so not a credit but that was repealed and so that is no longer an

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