8863
Education Credits
OMB No. 1545-0074
(American Opportunity and Lifetime Learning Credits)
2015
Form
Attach to Form 1040 or Form 1040A.
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Attachment
Department of the Treasury
50
Information about Form 8863 and its separate instructions is at
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(99)
Sequence No.
Internal Revenue Service
Name(s) shown on return
Your social security number
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Complete a separate Part III on page 2 for each student for whom you are claiming either credit
before you complete Parts I and II.
CAUTION
Part I
Refundable American Opportunity Credit
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1
After completing Part III for each student, enter the total of all amounts from all Parts III, line 30
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2
Enter: $180,000 if married filing jointly; $90,000 if single, head of
household, or qualifying widow(er)
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3
Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If you
are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from
Puerto Rico, see Pub. 970 for the amount to enter
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4
Subtract line 3 from line 2. If zero or less, stop; you cannot take any
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education credit
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Enter: $20,000 if married filing jointly; $10,000 if single, head of household,
or qualifying widow(er)
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If line 4 is:
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• Equal to or more than line 5, enter 1.000 on line 6 .
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• Less than line 5, divide line 4 by line 5. Enter the result as a decimal (rounded to
at least three places)
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7
Multiply 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 cannot take the refundable American opportunity
credit; skip line 8, enter the amount from line 7 on line 9, and check this box
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7
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8
Refundable American opportunity credit. Multiply line 7 by 40% (.40). Enter the amount here and
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on Form 1040, line 68, or Form 1040A, line 44. Then go to line 9 below.
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Part II
Nonrefundable Education Credits
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Subtract line 8 from line 7. Enter here and on line 2 of the Credit Limit Worksheet (see instructions)
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After 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
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Enter the smaller of line 10 or $10,000
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12
Multiply line 11 by 20% (.20)
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Enter: $130,000 if married filing jointly; $65,000 if single, head of
household, or qualifying widow(er)
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Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If you
are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from
Puerto Rico, see Pub. 970 for the amount to enter
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Subtract line 14 from line 13. If zero or less, skip lines 16 and 17, enter -0-
on line 18, and go to line 19
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Enter: $20,000 if married filing jointly; $10,000 if single, head of household,
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or qualifying widow(er)
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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
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places) .
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Multiply line 12 by line 17. Enter here and on line 1 of the Credit Limit Worksheet (see instructions)
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Nonrefundable education credits. Enter the amount from line 7 of the Credit Limit Worksheet (see
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instructions) here and on Form 1040, line 50, or Form 1040A, line 33
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8863
For Paperwork Reduction Act Notice, see your tax return instructions.
Form
(2015)
Cat. No. 25379M