Start your free trial!




How to Fill in IRS Form 8863

If you want to claim your educational credit, you can do that with the IRS Form 8863. The government has also let you calculate the Lifetime Learning Credit along with the American Opportunity Credit. The American Opportunity Credit can pay you up to $2500. And if you claim Lifetime Learning Credit then you can get up to $2000.

Part 1Your Best Solution 8863to Fill out IRS Form 8863

pdf forms function for windows

You need to fill IRS Form 8863 with the carefully with the correct information. Even though there are many software that claims that they can make it easy for you, the truth is that they won’t. But one software that you can trust to fill the important document is Wondershare PDFelement. Its user-friendly form filling function makes completing official forms an easy task. Wondershare PDFelement can act as a creator and an editor for the PDF documents at a same time.

Key Features

  • Multiple annotation tools to elaborate your idea on the PDF documents you are working on.
  • Create PDF in just few clicks from any document format.
  • Protect your PDF files with password and digital signature.
  • Customize stamps to authorize your PDF documents.

Part 2Instructions for How to Complete IRS Form 8863

Step 1: Launch Wondershare PDFelement.

Launch the program, drag and drop the IRS Form 8863 into PDFelement . Before starting to fill the IRS Form 8863, you need to ensure that you are one of the eligible students. To do that, you should be a post-secondary school student. Any full-time student who is still under his or her 24 can participate in the program as long as no one will come out to claim that you are independent. You should only be able to pay half of the expense with your income and should depend on your parent.

import irs form pdf

Step 2:Enter Student and Educational Institution Information in Part III

To fill IRS for 8863, it is best for you to start from Part 3. You will start from Line 20, where you will enter the name of the student. Line 21 is for the Student social security number. In the columns 22a and 22 b, you need to enter the details of the educational institution that you are learning. This includes Name of the Institution, Address, Number, Street, Town, City, State and Zip codes etc.

You need answer couple of questions about 1098-T as well.

In line 23, you need to answer the question whether you have claimed the Hope Scholarship Credit or American Opportunity Credit in any of the four years before. If your answer is yes, then you should enter the details of it in the last line, line 31. IN the next few lines as well, you need to answer the right boxes. Be careful with your answer there.

Step 3: Complete Refundable American Opportunity Credit Details in Part I

Now you can come back to Part I, Refundable American Opportunity Credit. Line 1 to 8 is a series of questions about the income. You need to enter the same amount as in line 30 for question one. Line 2 is for income you have; line 3 is needed to be filled with the exact amount you have entered in line 38 of form 1040. The subtracting amount in line 3 from line 2 will give you the answer of line4.

In case, you have got an answer in line 4 that is equal or more that 15, then you need enter 1.000 in line 6 while if line four is less than line 5, then divide the line 4 by 5 and enter the figure.

Multiplying line 1 with line 6 is the answer of line 7. 40% line 7 is the amount that is to be entered in line 8. We will use the same amount in line 68 of form 1040 and line 44 of form 1040A.

Step 4: Enter Nonrefundable Education Credits Part II

Nonrefundable Education Credits details are to be entered in part II.

You need to subtract 8 form 7 and enter the value in line 9. Line 10 is to be entered with the same amount as in Part III line 31.

You need to enter amounts in the lines 11 to 19, after doing the calculations accordingly to the instructions given.

Part 3 Tips and Warnings for IRS Form 8863

Wondershare Editor

Posted by to | Follow @margaretecottyg
Published: Jan 19,2016 17:53 pm / Updated: Feb 15,2016 19:36 pm

Ask the Community

Still get confused or have more suggestions? Leave your thoughts to Community Center and we will reply within 24 hours.

View All PDF Solutions Here >>

Home > Full Guide > Filling Instructions for IRS Form 8863
Digitize paperwork and accelerate the way you create, prepare, and sign documents.
Start your free trial!

Skip and Download

×
Top
Start your free trial!

Skip and Download

×