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Case Study 1: American Opportunity CreditMindy's brother, Jim, started college in 2017. He was eligible for the American opportunity credit for 2017, 2018, 2019, and 2020. His parents claimed the American opportunity credit on their 2017, 2018, and 2019 returns. Jim claimed the credit on his 2020 tax return. Since the credit has been claimed for four years, the credit can’t be claimed on any additional returns based on Jim’s expenses. Click here for an explanation. The American opportunity credit is available for the first four years of college per eligible student (generally, freshman through senior years). 
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