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Publication 3966 Form

Publication 3966 Form

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Instructions and help about Publication 3966 Form

all right for this video I want to cover a sample form 8863 for Education tax credits and this is going to be for the 2023 tax year now in this scenario we're going to have Jane Doe she's a single filing taxpayer no dependence and she is working full-time but taking some additional classes and she's going to be eligible for the lifetime learning tax credit so we've got the 8863 here which will go through and it's part of her full form 1040 so we'll cover uh the relevant uh schedules within the form 1040 as well as at 8863 and then lastly just one slide here covering some background on this form and the credits and then more details on the fact pattern here so uh the 8863 it's filed to claim either of these two credits or both right depending on your circumstances the American Opportunity credit or the lifetime learning credit now the American Opportunity credit this is generally the more favorable credit because it provides more o

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