MANUEL VELAZQUEZ-RODRIGUEZ and MIGUEL SANCHEZ-ACEVEDO are each charged in indictments with illegal re-entry to the United States, a violation of 8 U.S.C. Â§ 1326. The maximum penalty each could receive, depending on their prior criminal history, is two to 20 yearsâ imprisonment.
The income limit to receive the American Opportunity Tax Credit is  $180,000 when filing jointly or $90,000 if you are single, head of household, or a qualifying widower.
This makes the American Opportunity credit potentially more valuable than the Lifetime Learning credit, which is non-refundable. Calculating the American Opportunity Tax Credit Amount Use Form 8863 to calculate the amount of the tax credit and attach it to your Form 1040 or Form 1040A. The American Opportunity tax credit works out to 100 percent of the first $2,000 you spend on qualifying education expenses, plus 25 percent of the next $2,000 you spend. The maximum $2,500 credit is based on $4,000 in qualifying expenses. Qualifying for the American Opportunity Credit