American Opportunity Tax Credit Act of 2013
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American Opportunity Tax Credit Act of 2013 - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a new American Opportunity Tax Credit that: (1) allows an income tax credit of up to $2,500 of the qualified tuition and related expenses of a student who is carrying at least one half of a normal course load, (2) increases the income threshold for reductions in the credit amount based upon modified adjusted gross income, (3) allows a lifetime dollar limitation on such credit of $15,000 for all taxable years, and (4) makes 40% of the credit refundable. Allows an exclusion from gross income of any amount received as a Federal Pell Grant.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1738: American Opportunity Tax Credit Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1738/
"H.R. 1738: American Opportunity Tax Credit Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1738/.
H.R. 1738, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1738/.
[H.R. 1738: American Opportunity Tax Credit Act of 2013](https://openamerica.io/bill/113-HR-1738/)