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Can I use the American Opportunity Tax Credit (AOTC) for graduate school?

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Question: Can I use the American Opportunity Tax Credit (AOTC) for graduate school?
Answer: No, you cannot claim the American Opportunity Tax Credit for graduate school expenses. The American Opportunity Tax Credit is only available for the first four years of someone's undergraduate education.

You can however, claim the for all years of your graduate education. The Lifetime Learning Credit can still save you up to $2,000 on your tax return.

To learn more, take a look at this in-depth explanation American Opportunity Tax Credit.

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