<p>Can’t really explain it, since we used Turbo Tax, but yes, on the 1040, when the math is done on the $2500 x 40% we ended up with $1000 coming back to us. We already got our Fed. refund back. However it’s calculated, it’s like we got credit for $1500 worth, and then the other $1000 back to us…thank god for tax software. For some people it can make sense to choose between the Lifetime Learning credit vs. taking the AOC, but the software also figures that out, and since AOC will probably end, it’s probably worth taking while it’s offered.</p>