Get 8863 Form

The 8863 Form is used to claim education credits, including the American Opportunity Credit and the Lifetime Learning Credit. Completing this form online can streamline the process and help ensure accuracy.

Follow the steps to fill out the 8863 Form correctly

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Identify the type of education credit you are claiming. Section I covers the American Opportunity Credit, while Section II covers the Lifetime Learning Credit. Choose the appropriate section based on your eligibility.
3. For the American Opportunity Credit, enter the student’s name as it appears on your tax return, followed by their social security number. Input the qualified expenses incurred during the tax year, ensuring not to exceed $4,000 for each student.
4. Calculate the tentative American Opportunity Credit by following the instructions in Section I. Specifically, subtract $2,000 from your qualified expenses total, and multiply the result by 25%.
5. Should you be claiming the Lifetime Learning Credit for another student, include their information in Part II. Enter their name and social security number, and document the qualified expenses incurred.
6. Complete Part III if you are eligible for the refundable American Opportunity Credit. Follow the calculation steps carefully to determine the amount you may claim.
7. Finalize your entries in Part IV for Nonrefundable Education Credits. Ensure that you follow the steps for calculating these credits accurately.
8. Once all sections are filled out, review your entries for accuracy. Save your changes, download the completed form, print it if needed, or share it as required.

Complete your 8863 Form online today for a streamlined filing experience.