|American Opportunity Tax Credit Phone Line|
|Students who have questions can call LCC's American Opportunity Tax Credit phone line at 360.442.2920 to leave a message with any questions. Calls are returned the next business day. (January 20-April 16, 2014).|
Lower Columbia College students and families who had tuition and other college-related expenses in 2013 may be eligible to claim the American Opportunity Tax Credit when they prepare their federal income tax returns this year.
Form 1098T will be mailed to qualified LCC students in January 2014.
- View Your 1098T Data- student ID and global PIN required
- Additional Tax Information - from IRS.gov
- Internal Revenue Service Home Page
IRS Tax Notice
American Opportunity replaces a similar tax credit provision called the Hope credit. The new credit of up $2,500 for tuition and eligible college expenses is higher than under the Hope provision. In addition, tax filers may now claim expenses incurred during the first four years of their postsecondary education rather than only the first two.
Depending on individual circumstances, the American Opportunity Tax Credit may not be the most advantageous tax option for all families with higher education expenses.