The following articles are the top questions referring to Education Credits, Form 8863.
- Entering amounts in Form 1098-T and generating Form 8863 in Lacerte
- Optimization between the tuition and fees deduction and the education credit in Lacerte
- Form 1098-T Box 5 scholarship or grant input for Form M1PR Line 5
For tax year 2021:
- Tuition and Fees Deduction (Form 8917) has been repealed starting in Tax Year 2021.
- American Opportunity Credit & Lifetime Learning Credit (Form 8863) changes:
- Expanded Lifetime Learning Credit to phase outs that mirror American Opportunity Credit in 2021
- MAGI phase out range --$160,000 --$180,000 married filing joint; $80,000 --$90,000 other filers
