IRS Form 8863 (2024)

What is IRS Form 8863?

IRS Form 8863 is used to claim education-related tax credits, specifically the American Opportunity Credit (AOTC) and the Lifetime Learning Credit (LLC). These credits help taxpayers offset higher education expenses by reducing their federal income tax.

The Definition of IRS Form 8863

Form 8863 is a tax document that allows eligible taxpayers to claim education credits for tuition, fees, and certain related expenses paid for themselves, a spouse, or a dependent enrolled in an eligible educational institution.

The Main Sections of IRS Form 8863

Form 8863 consists of the following key parts:

1. Personal Information – Enter the taxpayer’s name and Social Security number.

2. Part I: Refundable American Opportunity Credit – Calculate the refundable portion of the AOTC.

3. Part II: Nonrefundable Education Credits – Determine the total allowable education credits, including the nonrefundable portion of the AOTC and the Lifetime Learning Credit.

4. Part III: Student and Institution Details – Provide information on eligible students, including name, Social Security number, and school details.

Who Needs to Fill Out IRS Form 8863?

Taxpayers who paid for higher education expenses and qualify for the American Opportunity Tax Credit (AOTC) or Lifetime Learning Credit (LLC) must file Form 8863 with their tax return to claim these benefits.

How Popform Can Help You Fill Form 8863

Popform makes filing Form 8863 simple with a fillable online template that helps you:

• Easily complete and review your form without printing.

• Store and manage tax documents digitally.

• Ensure accuracy with guided input fields.

FAQ

What is the difference between the American Opportunity Credit and the Lifetime Learning Credit?

The AOTC provides up to $2,500 per student for undergraduate education and is partially refundable. The LLC provides up to $2,000 per tax return and applies to all levels of higher education but is nonrefundable.

Can I claim both credits on the same return?

No, you cannot claim both credits for the same student in the same tax year. However, if you have multiple students, you may be able to claim AOTC for one and LLC for another.

Can I get a printable version of Form 8863?

Yes, Popform provides a free, printable, and fillable Form 8863 template that you can complete online or download.

Download a Free IRS Form 8863 Template

Popform makes it easy to claim education tax credits. Try our fillable Form 8863 template today!