What is an American Opportunity Tax Credit?

The American Opportunity Tax Credit (AOTC) provides up to $2,500 per eligible student annually for qualified tuition and related expenses during the first four years of post-secondary education. The credit equals 100% of the first $2,000 in expenses plus 25% of the next $2,000. Under the One Big Beautiful Bill Act (Sec. 70606), taxpayers must now provide a valid SSN and the educational institution's EIN to claim the credit. Up to $1,000 of the AOTC is refundable. Explore the Qualified education assistance program for additional employer-sponsored education tax benefits.

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Tax loss harvesting

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Child traditional IRA

Open a Traditional IRA for children with earned income. Contribute up to $7,000 annually with full deduction, giving them decades to grow tax-free.

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Employee achievement awards

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Health reimbursement

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Child & dependent tax credits

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Health savings account

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Work opportunity tax credit

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Oil & gas deduction

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Hiring kids

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Home office

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Meal expenses

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Travel expenses

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Late S election

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Late C election

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Depreciation

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R&D tax credit

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Clean vehicle

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Residential clean energy

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Augusta rule

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Roth 401k

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