Watch the Full Episode. Watch exclusive outtakes and interviews. Go behind the scenes. See cast photos. Hear from the cast and producers. Find out what you missed.
The new credit is currently available through 2017. The American Opportunity credit equals 100% of the first $2,000 of a studentâs qualified education expenses plus 25% of the next $2,000. The maximum annual credit is $2,500.
Education tax credits can help offset the costs of education. The American Opportunity (Hope Credit extended) and the Lifetime Learning Credit are education credits you can subtract in full from the federal income tax, not just deduct from taxable income. American Opportunity Credit.