Welcome to College Confidential!

The leading college-bound community on the web

Sign Up For Free

Join for FREE, and start talking with other members, weighing in on community discussions, and more.

Also, by registering and logging in you'll see fewer ads and pesky welcome messages (like this one!)

As a CC member, you can:

  • Reply to threads, and start your own.
  • Post reviews of your campus visits.
  • Find hundreds of pages of informative articles.
  • Search from over 3 million scholarships.

American oppurtunity tax credit and financial aid

brittany58231brittany58231 Registered User Posts: 1 New Member
Hi, i need a little bit of input on the american opportunity tax credit.....
In my case i am a undergrad student, this is my first year and and i received financial aid, which cover my full tuition and fees. I received $5,500 from pell and $1,512.00 from tap for each semester.i got back about $1300 which was left over for the fall semester. I know that i didnt pay anything out of pocket, but i wanted to know if i could claim the american opportunity credit, because i used my left over financial aid money on room and board, food, and transportation. But i purchased books,supplies and a computer out of my pocket. Would i still be able to claim it, regardless if i have financial aid and would i have to file my financial aid on my return since i never got any tax papers from them. Thank u
This discussion has been closed.