What is required for taxpayers to claim the American opportunity credit?

To claim the American Opportunity Tax Credit, one essential requirement is having a valid identification number by the due date of the return. This identification number typically refers to the taxpayer's Social Security number or Individual Taxpayer Identification Number (ITIN). This number not only serves to identify the taxpayer but also allows the IRS to verify eligibility for the credit.

While proof of enrollment in an accredited institution is necessary for determining eligibility, it is not sufficient on its own without the identification number. Completion of a specific tax form, such as Form 8863, is part of the process for claiming the credit but still requires the valid identification number to be linked to the specific taxpayer applying for the credit. Likewise, while the payment of tuition fees can support the claim, it is the identification number that is foundational for the entire claiming process. Thus, having a valid identification number is crucial for taxpayers looking to benefit from the American Opportunity Credit.