American Opportunity Tax Credit Act of 2015
Official title: To amend the Internal Revenue Code of 1986 to extend and modify the American Opportunity Tax Credit, and for other purposes.
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Referred to the House Committee on Ways and Means.
American Opportunity Tax Credit Act of 2015
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 a portion of such credit refundable. Allows an exclusion from gross income of any amount received as a Federal Pell Grant.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1260: American Opportunity Tax Credit Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1260/
"H.R. 1260: American Opportunity Tax Credit Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1260/.
H.R. 1260, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1260/.
[H.R. 1260: American Opportunity Tax Credit Act of 2015](https://openamerica.io/bill/114-HR-1260/)