Fillable Form 8863: (American Opportunity and Lifetime Learning Credits) (IRS)

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Form 8863: (American Opportunity and Lifetime Learning Credits) (IRS)

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Form 8863
Department of the Treasury
Internal Revenue Service (99)
Education Credits
(American Opportunity and Lifetime Learning Credits)
▶
Attach to Form 1040 or Form 1040A.
▶
Go to www.irs.gov/Form8863 for instructions and the latest information.
OMB No. 1545-0074
2017
Attachment
Sequence No.
50
Name(s) shown on return
Your social security number
▲
!
CAUTION
Complete a separate Part III on page 2 for each student for whom you're claiming either credit before
you complete Parts I and II.
Part I Refundable American Opportunity Credit
1 After completing Part III for each student, enter the total of all amounts from all Parts III, line 30 . 1
2 Enter: $180,000 if married filing jointly; $90,000 if single, head of
household, or qualifying widow(er) . . . . . . . . . . . . .
2
3 Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If
you
’
re filing Form 2555, 2555-EZ, or 4563, or you
’
re excluding income from
Puerto Rico, see Pub. 970 for the amount to enter . . . . . . . .
3
4 Subtract line 3 from line 2. If zero or less, stop; you can
’
t take any
education credit . . . . . . . . . . . . . . . . . . .
4
5 Enter: $20,000 if married filing jointly; $10,000 if single, head of household,
or qualifying widow(er) . . . . . . . . . . . . . . . . .
5
6 If line 4 is:
• Equal to or more than line 5, enter 1.000 on line 6 . . . . . . . . . . . .
• Less than line 5, divide line 4 by line 5. Enter the result as a decimal (rounded to
at least three places) . . . . . . . . . . . . . . . . . . . . .
}
. . . .
6 .
7 Multiply line 1 by line 6. Caution: If you were under age 24 at the end of the year and meet
the conditions described in the instructions, you can
’
t take the refundable American opportunity
credit; skip line 8, enter the amount from line 7 on line 9, and check this box . . . .
▶
7
8 Refundable American opportunity credit. Multiply line 7 by 40% (0.40). Enter the amount here and
on Form 1040, line 68, or Form 1040A, line 44. Then go to line 9 below. . . . . . . . . .
8
Part II Nonrefundable Education Credits
9 Subtract line 8 from line 7. Enter here and on line 2 of the Credit Limit Worksheet (see instructions) 9
10 After completing Part III for each student, enter the total of all amounts from all Parts III, line 31. If
zero, skip lines 11 through 17, enter -0- on line 18, and go to line 19 . . . . . . . . . .
10
11 Enter the smaller of line 10 or $10,000 . . . . . . . . . . . . . . . . . . . . 11
12 Multiply line 11 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . . 12
13 Enter: $132,000 if married filing jointly; $66,000 if single, head of
household, or qualifying widow(er) . . . . . . . . . . . . .
13
14 Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If you're
filing Form 2555, 2555-EZ, or 4563, or you
’
re excluding income from
Puerto Rico, see Pub. 970 for the amount to enter . . . . . . . .
14
15 Subtract line 14 from line 13. If zero or less, skip lines 16 and 17, enter -0-
on line 18, and go to line 19 . . . . . . . . . . . . . . .
15
16 Enter: $20,000 if married filing jointly; $10,000 if single, head of household,
or qualifying widow(er) . . . . . . . . . . . . . . . . .
16
17 If line 15 is:
• Equal to or more than line 16, enter 1.000 on line 17 and go to line 18
• Less than line 16, divide line 15 by line 16. Enter the result as a decimal (rounded to at least three
places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 .
18
Multiply line 12 by line 17. Enter here and on line 1 of the Credit Limit Worksheet (see instructions)
▶
18
19 Nonrefundable education credits. Enter the amount from line 7 of the Credit Limit Worksheet (see
instructions) here and on Form 1040, line 50, or Form 1040A, line 33 . . . . . . . . . .
19
For Paperwork Reduction Act Notice, see your tax return instructions.
Cat. No. 25379M
Form 8863 (2017)
Form 8863 (2017)
Page 2
Name(s) shown on return
Your social security number
▲
!
CAUTION
Complete Part III for each student for whom you
’
re claiming either the American
opportunity credit or lifetime learning credit. Use additional copies of page 2 as needed for
each student.
Part III Student and Educational Institution Information. See instructions.
20
Student name (as shown on page 1 of your tax return)
21
Student social security number (as shown on page 1 of
your tax return)
22
Educational institution information (see instructions)
a. Name of first educational institution
(1) Address. Number and street (or P.O. box). City, town or
post office, state, and ZIP code. If a foreign address, see
instructions.
(2) Did the student receive Form 1098-T
from this institution for 2017?
Yes No
(3) Did the student receive Form 1098-T
from this institution for 2016 with box
2 filled in and box 7 checked?
Yes No
(4) Enter the institution
’
s employer identification number (EIN)
if you
’
re claiming the American opportunity credit or if you
checked “Yes” in (2) or (3). You can get the EIN from Form
1098-T or from the institution.
–
b. Name of second educational institution (if any)
(1) Address. Number and street (or P.O. box). City, town or
post office, state, and ZIP code. If a foreign address, see
instructions.
(2) Did the student receive Form 1098-T
from this institution for 2017?
Yes No
(3) Did the student receive Form 1098-T
from this institution for 2016 with box
2 filled in and box 7 checked?
Yes No
(4) Enter the institution
’
s employer identification number
(EIN) if you
’
re claiming the American opportunity credit or
if you checked “Yes” in (2) or (3). You can get the EIN
from Form 1098-T or from the institution.
–
23 Has the Hope Scholarship Credit or American opportunity
credit been claimed for this student for any 4 tax years
before 2017?
Yes — Stop!
Go to line 31 for this student.
No — Go to line 24.
24 Was the student enrolled at least half-time for at least one
academic period that began or is treated as having begun in
2017 at an eligible educational institution in a program
leading towards a postsecondary degree, certificate, or
other recognized postsecondary educational credential?
See instructions.
Yes — Go to line 25. No — Stop! Go to line 31
for this student.
25 Did the student complete the first 4 years of postsecondary
education before 2017? See instructions.
Yes — Stop!
Go to line 31 for this
student.
No — Go to line 26.
26 Was the student convicted, before the end of 2017, of a
felony for possession or distribution of a controlled
substance?
Yes — Stop!
Go to line 31 for this
student.
No — Complete lines 27
through 30 for this student.
▲
!
CAUTION
You can't take the American opportunity credit and the lifetime learning credit for the same student in the same year. If
you complete lines 27 through 30 for this student, don't complete line 31.
American Opportunity Credit
27 Adjusted qualified education expenses (see instructions). Don
’
t enter more than $4,000 . . . . . 27
28 Subtract $2,000 from line 27. If zero or less, enter -0-. . . . . . . . . . . . . . . . . 28
29 Multiply line 28 by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . . . 29
30
If line 28 is zero, enter the amount from line 27. Otherwise, add $2,000 to the amount on line 29 and
enter the result. Skip line 31. Include the total of all amounts from all Parts III, line 30, on Part I, line 1 .
30
Lifetime Learning Credit
31
Adjusted qualified education expenses (see instructions). Include the total of all amounts from all Parts
III, line 31, on Part II, line 10 . . . . . . . . . . . . . . . . . . . . . . . . .
31
Form 8863 (2017)
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Form 8863: (American Opportunity and Lifetime Learning Credits) (IRS)

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Completed 24 March 2021

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