American Opportunity Credit

American Opportunity credit - Carry forward ?

Any unused American Opportunity credit cannot be carried forward to future years. The phase out for married taxpayers is Adjusted Gross Income between $160,000- $180,000. The phase out is between $80,000 and $90,000 for single, head of household or qualifying widower(s) filing status taxpayers. Married filing separately status are not allowed a American Opportunity credit.

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