Question

16. The refundable portion of the American opportunity credit located on Form 8863, Education Credit is $________. (Do not enter dollar signs, commas, periods, or decimal points in your answer.)

Answer 1

Answer:

$918

Explanation:

The American Opportunity Tax Credit (AOTC) can be defined as a credit issued to an eligible student of the United States of America for the payment of qualified education expenses, typically for the first four years of higher education in college or university.

The refundable portion of the American opportunity credit located on Form 8863, Education Credit is $918.