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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8863
for the current year.
IRS Form 8863 Education Credits (American Opportunity and Lifetime Learning Credits)
What Is IRS Form 8863?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8863?
A: IRS Form 8863 is a tax form used to claim education credits, such as the American Opportunity Credit and the Lifetime Learning Credit.
Q: What are education credits?
A: Education credits are tax benefits provided by the IRS to help offset the costs of higher education.
Q: What is the American Opportunity Credit?
A: The American Opportunity Credit is a tax credit that can be claimed by eligible taxpayers for qualified education expenses incurred during the first four years of postsecondary education.
Q: What is the Lifetime Learning Credit?
A: The Lifetime Learning Credit is a tax credit that can be claimed for qualified education expenses incurred by eligible taxpayers for themselves, their spouse, or a dependent.
Q: Who is eligible to claim education credits?
A: Eligibility for education credits depends on criteria such as enrollment status, income limits, and expenses incurred for qualified education.
Q: What expenses are considered qualified education expenses?
A: Qualified education expenses include tuition, fees, and required course materials.
Q: How do I claim education credits on Form 8863?
A: To claim education credits, you need to complete Form 8863 and attach it to your federal income tax return. You will need to provide information about the educational institution, expenses incurred, and other relevant details.
Q: Are education credits refundable?
A: The American Opportunity Credit is partially refundable, meaning that you may be eligible for a refund even if you do not owe any taxes. The Lifetime Learning Credit is non-refundable and can only be used to offset tax liability.
Q: Can I claim both the American Opportunity Credit and the Lifetime Learning Credit?
A: No, you cannot claim both credits for the same student in the same tax year. You must choose only one credit per student.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8863 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 8863 Education Credits (American Opportunity and Lifetime Learning Credits)
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