American Opportunity Tax Credit


American Opportunity Tax Credit

Also known as the AOTC, the American Opportunity Tax Credit is a tax incentive that enables eligible individuals to reduce their tax liability for qualifying educational expenses in pursuit of higher education.

The AOTC provides numerous benefits, including offsetting college-related expenses for qualified tuition, books, fees, and certain other expenses. Since its introduction in 2009 as part of the American Recovery and Reinvestment Act, the AOTC has assisted millions of students and families in accessing and affording higher education.

Read more