Get Irs 8863 2024-2025

Filling out the IRS 8863 form is essential for claiming education-related tax credits, such as the American Opportunity and Lifetime Learning Credits. This user-friendly guide offers step-by-step instructions on completing the form online, ensuring you have all the information you need to maximize your benefits.

Follow the steps to complete the IRS 8863 form online.

1. Click ‘Get Form’ button to access the IRS 8863 form and open it in the editor.
2. Begin by entering your social security number and the names as shown on your tax return at the top of the form. This is important for correctly associating the credits with your filing.
3. In line 2, enter the relevant income threshold based on your filing status, which is $180,000 if married filing jointly or $90,000 if single, head of household, or qualifying surviving spouse.
4. Subtract line 3 from line 2. If the result is zero or less, you cannot claim any education credit, and you will stop here.
5. Evaluate line 5 and compare it with line 4. Proceed by either entering '1.000' on line 6 if line 4 meets or exceeds line 5 or calculating the ratio if it falls short.
6. Lastly, to conclude Part I, determine the refundable American Opportunity Credit by applying the necessary percentages to the appropriate lines and proceed to Part II if eligible.

Start filling out your IRS 8863 form online today to claim your education credits!