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In ST 103 Instructions Fill Out Tax Template Form

In ST 103 Instructions Fill Out Tax Template Form

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going over IRS form 8863 education credits so this is the tax form that a lot of taxpay payers will be using to claim an education credit for either the American Opportunity tax credit or the lifetime learning credit before we get into the form itself we're going to take a few moments to go into a little bit more depth about each tax tax credit so the American Opportunity tax credit is probably the one that most taxpayers with younger children that are going off to college young adults first four years they're probably more familiar with the American Opportunity tax credit because a it's a larger tax credit and it is only available for the first four years of a post-secondary education after that first four years the assumption is that you can continue to take tax credits over the course of your life for different educational opportunities that you take advantage of and that would be under the lifetime learning credits so a couple of things about the American Op

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