"I was claimed as a dependent"
If you were claimed as a dependent, on someone else's tax return, you are not allowed ANY AOTC (any any other tuition credit or deduction).
What is your income, that you have a $3000 tax liability? If you have enough income to have that much tax liability, how to you end up being a dependent?
How old are you?. A full time unmarried student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You usually must have actually paid tuition, not had it paid by scholarships & grants. It is usually best if the parent claims that credit
Grad students are not eligible for the AOTC. TT may be calculating the Lifetime Learning Credit. $7500 x 20% = $1500
January 18, 20214:09 PM
