Q:

Where can instructions be found for completing the IRS form 8863?

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Quick Answer

Instructions for completing Internal Revenue Service Form 8863 are available at IRS.gov as of June 2015. Taxpayers use the form to calculate and obtain education credits for certain expenses that students pay to qualified institutions of higher learning, explains the IRS.

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Full Answer

Form 8863 covers the American Opportunity Credit, which may be partially refundable, and the Lifetime Learning Credit, which is not refundable, notes the IRS. Form 8917, Tuition and Fees Deductions, may also benefit student taxpayers and their parents. Other potentially useful publications include Publication 501, which provides information about filing, claiming exemptions and the standard deduction, and Publication 970, which describes education tax benefits.

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