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Tc433 Ap Form

Tc433 Ap Form

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okay for this video I wanted to cover IRS Forum 8863 this is how to claim the education tax credit for the American Opportunity tax credit so the for is used to claim either one of these two so American Opportunity or lifetime learning uh in this example I'm going to cover the aotc rather than the lifetime learning because the American Opportunity credit is generally more favorable it provides greater amounts and you can claim it on a per student basis rather than just one per taxpayer okay so I've got the form in front of us here we'll go through this but I've also got a slide here where I want to cover some of the background on these credits um and what what are some of the differences between the two and then we'll look at the fact pattern so broadly speaking there's a a number of different types of tax credits or incentives that the IRS offers you um if you're a US student right so the first one is the American Opportunity tax

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