This is a new credit started this year. I am a dependent, I live with my parents, but literally pay for everything else. I pay ALL of my tuition atm, including books which totals up to about 4000 a year. This new AOTC that came out, how do I work this into mine or my parents taxes so I can get the most back? Can I get any back at all? My parents fall into the salary bracket btw.
http://taxes.about.com/od/deductions...Tax-Credit.htm