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Form Steps to Complete IRS 8863 Online ND: What You Should Know
Instructions. A new tax form, Form 8863, will be available beginning January 1, 2021. The new form replaces Form 8863 which was the sole use for obtaining education credits until January 1, 2025 (due to the transition to a new education tax credit). Form 8863 is used for claims beginning January 1, 2018. The credits awarded for the new Form 8863 would be the same as the credits awarded for the old form: Form 8863. A new IRS form for education credits (Form 8863) is now used to claim the maximum of 2,000 per calendar year for 2025 or 2018, 2,500 per calendar year for 2019, and 3,500 per calendar year for 2020, and 5,000 per calendar year for subsequent years. Credits of up to 2,000. If you used Form 8863 to qualify your education expenses for any year other than 2017, you may not use that form to claim the education credits for 2018. Also, if you used a Form 8863 for your 2025 taxes, you will not be able to claim the 2025 credits for 2018. Credits of up to 2,500. If you used a Form 8863 to apply for 2025 credits for purposes other than to claim the maximum amount of 2,000 in 2017, you will not be able to claim the 2025 credits. You will also not be able to claim the 2025 credits if you had more than the maximum amount of education expenses during your 2016-17 taxes, or if you had any education expenses in 2025 other than those for which you claim the education credit. Credits to apply to 2025 taxes. If you made 2,500 worth of education expenses in 2025 that are qualified education expense expenses for purposes of claiming the maximum amounts of the new tax credit that apply this year, you may claim the 2025 credits instead of the 2025 credits. If you paid for the education expenses in the 2025 tax year (other than the Education Credit for the purpose of claiming the maximum amounts of the new credit) and not claimed the new credit, you may not be able to take advantage of the credit. Maximum credit of 2,000. Maximum credit of 2,500 if your expenses that will be qualified are 5,000.
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