Calculate the tuition and qualified expenses paid during the tax year for postsecondary education for yourself and all your dependents. Book and activity fees and supplies can qualify if you must pay them to attend classes.
Verify that the school or educational organization is eligible. Almost all postsecondary programs are eligible, including private businesses.
Multiply the total of tuition and qualified expenses by 20 percent. This is the amount of your credit to a maximum of $1,000. If your income is greater than $80,000 if you are married filing jointly, or if it is greater than $40,000 for other filing statuses, the credit will be limited or denied.
Fill out parts 2 and 3 of Form 8863.
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