What it is (plain English):AOTC helps with the first four years of college. It’s worth up to $2,500 per student each year, and up to 40% ($1,000) can come back as a refund even if you don’t owe tax. IRS Who can qualify: - Student is pursuing a degree/credential and is at least half-time for one academic period that begins in the tax year. - Student hasn’t finished 4 years of higher education before the year starts and hasn’t claimed AOTC (or Hope) more than 4 total years. - No felony drug conviction by year-end. - Income limits: full credit if MAGI ≤ $80k single / $160k MFJ; phases out to $90k / $180k; above that, not eligible. IRS What expenses count: - Tuition, required fees, and course materials (books, supplies). - Doesn’t include room/board, transportation, insurance, or non-required fees. IRS What you need to claim it: - Form 1098-T from the school (most students receive this by Jan 31). - Form 8863 attached to your tax return. - If a 1098-T is missing, you may still qualify in specific exception cases (e.g., school not required to issue one) and you must be able to prove enrollment and payment.

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Good morning Tax Pros! Today is about confidence through knowledge. As we get closer to tax season, what you know — and how well you apply it — will set you apart. ⚖️Tax Pro Lesson of the Day: Due Diligence is NOT optional. If a return includes EITC, CTC, AOTC, or Head of Household, you are required to: - Ask the right questions - Verify information - Keep documentation - Complete and retain Form 8867 This protects your PTIN, your EFIN, and your reputation. When in doubt — document it. 🧠Thursday Motivation: “Confidence doesn’t come from guessing — it comes from preparation.” Every hour you spend learning now saves you from stress, penalties, and second-guessing later. ✅Today’s Task: Choose ONE credit (EITC, CTC, AOTC, or HOH) and write down: - Eligibility rules - Required documentation - One common red flag Keep it handy — this becomes your quick-reference guide during the season. 💬Check-In: Which credit do you want more clarity on before January? Drop it below 👇🏾 Let’s finish this week prepared and confident. 💼🔥