If your child's scholarship makes you ineligible to claim the $2,500 American Opportunity Tax Credit for college expenses, claim a portion of the scholarship as taxable income to your child and pick up $2,500 per year in tax savings.
Not Eligible To Claim The $2,500 American Opportunity (College) Tax Credit, Try This
Forbes - 1 Aug 2015 04:57
If your child's scholarship makes you ineligible to claim the $2,500 American Opportunity Tax Credit for college expenses, claim a portion of the scholarship as taxable income to your child and pick up $2,500 per year in tax savings.
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