The American Opportunity Tax Credit

The American Opportunity tax credit

A) Is 50 percent of the first $1,200 of tuition and fees paid and 100 percent of the next $1,200.
B) Is available for 2 years of post-secondary education.
C) Is fully refundable even if the credit exceeds the tax liability.
D) Is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents.