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Form 8863 PDF Details

When you are filling out your tax return each year, there are many different forms that you will need to complete. One of the most important is Form 8863, which is used to calculate your education credits. This form can be a little confusing, so make sure you take your time and understand exactly what is required. The education credits can be a great way to reduce your tax bill, so don't miss out on this valuable deduction. If you have any questions, be sure to ask a tax professional for help.

If you would like first determine how much time you need to fill in the form 8863 and how many pages it's got, here's some detailed information that could be useful.

Question	Answer
Form Name	Form 8863
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	fillable form 8863, 2009, 1040A, Marion

12

Form Preview Example

Form 8863		Education Credits		OMB No. 1545-0074
		Education Credits		OMB No. 1545-0074
		(American Opportunity and Lifetime Learning Credits)
		(American Opportunity and Lifetime Learning Credits)		2021
Department of the Treasury		▶ Attach to Form 1040 or 1040-SR.		2021
Department of the Treasury		▶ Go to www.irs.gov/Form8863 for instructions and the latest information.			Attachment
Internal Revenue Service (99)					Attachment
Internal Revenue Service (99)					Sequence No. 50
Name(s) shown on return			Your social security number

▲!

CAUTION

Part I

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.

Refundable American Opportunity Credit

1 After completing Part III for each student, enter the total of all amounts from all Parts III, line 30 . .

2Enter: $180,000 if married filing jointly; $90,000 if single, head of household,

or qualifying widow(er)

. . . . . . . . . . . . . . . . . .

2

3Enter the amount from Form 1040 or 1040-SR, line 11. If you’re filing Form

2555 or 4563, or you’re excluding income from Puerto Rico, see Pub. 970 for
the amount to enter	3

4Subtract line 3 from line 2. If zero or less, stop; you can’t take any education

credit

4

5Enter: $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)

7Multiply 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 . . . . . . . . ▶

8Refundable American opportunity credit. Multiply line 7 by 40% (0.40). Enter the amount here and on Form 1040 or 1040-SR, line 29. Then go to line 9 below. . . . . . . . . . . . . . .

Part II Nonrefundable Education Credits

1

6

7

8

.

9 Subtract line 8 from line 7. Enter here and on line 2 of the Credit Limit Worksheet (see instructions) .

9

10After 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

13Enter: $180,000 if married filing jointly; $90,000 if single, head of household, or

qualifying widow(er)

13

14Enter the amount from Form 1040 or 1040-SR, line 11. If you're filing Form 2555 or 4563, or you’re excluding income from Puerto Rico, see Pub. 970 for

the amount to enter

14

15Subtract 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 Schedule 3 (Form 1040), line 3		. . . . . . . . .				19
For Paperwork Reduction Act Notice, see your tax return instructions.				Cat. No. 25379M				Form 8863 (2021)

Form 8863 (2021)

Page 2

Name(s) shown on return

Your social security number

▲!

CAUTION

Part III

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.

Student and Educational Institution Information. See instructions.

20Student name (as shown on page 1 of your tax return)

21Student social security number (as shown on page 1 of your tax return)

22Educational institution information (see instructions)

a. Name of first educational institution

b. Name of second educational institution (if any)

(1) Address. Number and street (or P.O. box). City, town or

(1) Address. Number and street (or P.O. box). City, town or

post office, state, and ZIP code. If a foreign address, see

post office, state, and ZIP code. If a foreign address, see

instructions.

instructions.

(2) Did the student receive Form 1098-T

Yes

No

(2) Did the student receive Form 1098-T

Yes

No

from this institution for 2021?

from this institution for 2021?

(3) Did the student receive Form 1098-T

(3) Did the student receive Form 1098-T

from this institution for 2020 with box

Yes

No

from this institution for 2020 with box

Yes

No

7 checked?

7 checked?

(4) Enter the institution’s employer identification number (EIN)

(4) Enter the institution’s employer identification number

if you’re claiming the American opportunity credit or if you

(EIN) if you’re claiming the American opportunity credit or

checked “Yes” in (2) or (3). You can get the EIN from Form

if you checked “Yes” in (2) or (3). You can get the EIN

1098-T or from the institution.

from Form 1098-T or from the institution.

–

–

23 Has the Hope Scholarship Credit or American opportunity

Yes — Stop!

credit been claimed

for this student for

any

4 tax years

No — Go to line 24.

Go to line 31 for this student.

before 2021?

24 Was the student enrolled at least half-time for at least one

academic period that began or is treated as having begun in

2021 at

an eligible

educational institution

in

a program

Yes — Go to line 25.

No — Stop! Go to line 31

leading

towards

a

postsecondary

degree,

certificate, or

for this student.

other recognized

postsecondary

educational

credential?

See instructions.

25Did the student complete the first 4 years of postsecondary education before 2021? See instructions.

Yes — Stop!

Go to line 31 for this student.

No — Go to line 26.

26Was the student convicted, before the end of 2021, 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.

▲
!	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.
CAUTION

American Opportunity Credit

27Adjusted qualified education expenses (see instructions). Don’t enter more than $4,000 . . . . .

28	Subtract $2,000 from line 27. If zero or less, enter -0-
29	Multiply line 28 by 25% (0.25)

30If 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 .

Lifetime Learning Credit

27

28

29

30

31Adjusted 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 (2021)

How to Edit Form 8863 Online for Free

Our PDF editor makes it easy to fill in documents. You won't need to do much to enhance 1040A forms. Merely keep up with these particular actions.

Step 1: Select the button "Get Form Here".

Step 2: At this point, you are on the document editing page. You can add information, edit current information, highlight specific words or phrases, put crosses or checks, insert images, sign the document, erase unneeded fields, etc.

In order to fill in the 2008 PDF, enter the content for all of the parts:

step 1 to filling out Marion

In the Multiply line by line Caution, Part II, Nonrefundable Education Credits, Subtract line from line Enter, Enter if married filing, Multiply line by, Enter the amount from Form or SR, places, Multiply line by line Enter, Nonrefundable education credits, For Paperwork Reduction Act Notice, Cat No M, and Form box, put in writing the information you have.

part 2 to finishing Marion

Point out the main information on the Form, Names shown on return, Your social security number, Page, CAUTION, Complete Part III for each student, Part III Student name as shown on, Student and Educational, Student social security number as, Educational institution, a Name of first educational, b Name of second educational, Address Number and street or PO, Address Number and street or PO, and post office state and ZIP code If box.

Filling in Marion part 3

Take the time to record the rights and obligations of the sides within the Enter the institutions employer, Enter the institutions employer, Has the Hope Scholarship Credit, Was the student enrolled at least, Did the student complete the, education before See instructions, Was the student convicted before, felony substance, Yes Stop Go to line for this, No Go to line, Yes Go to line, No Stop Go to line for this, Yes Stop Go to line for this, Yes Stop Go to line for this, and No Go to line paragraph.

Marion Enter the institutions employer, Enter the institutions employer, Has the Hope Scholarship Credit, Was the student enrolled at least, Did the student complete the, education before See instructions, Was the student convicted before, felony substance, Yes Stop Go to line for this, No Go to line, Yes Go to line, No Stop Go to line for this, Yes Stop Go to line for this, Yes Stop Go to line for this, and No Go to line fields to insert

End up by looking at the following areas and completing them accordingly: Adjusted qualified education, If line is zero enter the amount, Adjusted qualified education, III line on Part II line, and Form.

part 5 to entering details in Marion

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