Can I Claim the American Opportunity Tax Credit?

Yes — the American Opportunity Tax Credit (AOTC) provides up to $2,500 per year per student for the first four years of college. It covers tuition, fees, and required course materials, and 40% of it (up to $1,000) is refundable. To qualify, the student must be enrolled at least half-time in a degree program and cannot have a felony drug conviction. The credit phases out between $80,000–$90,000 of income ($160,000–$180,000 married filing jointly). You'll need Form 1098-T from the school to claim it.