is there a minimum of expenses for AOC?

Paying for College
1

<p>In regards to the AOC and QEE, is there a minimum dollar amount of QEE needed in order to claim the AOC?</p>

2

<p>No. If you only spent $5, you could report that.</p>

<p>The AOC can only be claimed in four tax years. Those four years must be tax years in which the student was still an undergraduate. Most students are in college for four academic years that include parts of five tax years. So, if your kid had negligible expenses in the first semester of freshman year, and/or you expect that expenses will be greater in the last semester of senior year, you can choose to not file for the AOC for that tax year. We opted to to this because Happykid’s expenses for her first semester were only about $500 for books (full tuition & fees scholarship at the local CC), whereas her final semester QEE is likely to be well over the $4,000 maximum we could use in the calculations (now at in-state public U).</p>

3

<p>Not sure if you are asking for this, but the minimum QEE to get the whole $2500 AOC is $4000. First $2000 is fully qualified and then 25% of the next $2000 is qualified.</p>