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Personal Financial Planning
9. CHAPTER 7: EDUCATION FUNDING/AOTC and LLC
9. CHAPTER 7: EDUCATION FUNDING Illustration
Syllabus Slides

AOTC and LLC

01.Core Concepts

• American Opportunity Tax Credit (AOTC) • First four years of undergraduate education • Per-student limit of $2,500 per year (2024) • Subject to AGI limits • Lifetime Learning Credit (LLC) • Undergraduate or graduate education • Per-family limit of $2,000 per year • Subject to AGI limits