AOTC and 1098

Paying for College
1

We are working on our taxes. It appears that our earnings make us not qualified for the AOTC.

Is there anything else that we or our son can do? Is there something else? If not this is fine, but we want to be sure before we file. My son is eager to get file his taxes and get his return $$$$. He says we are holding him up. :slight_smile:

It’s our first year with a 1098 so we find this confusing.

2

Looks like the Lifetime Learning Credit and Tuition and Fees deduction earning limits are lower or equal to the AOTC limits.

You can read up on those in Pub 970.

http://www.irs.gov/pub/irs-pdf/p970.pdf