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Program

American Opportunity Tax Credit

Department: Treasury

The cabinet-level department or independent agency responsible for the program

Agency: Internal Revenue Service

The specific agency or sub-agency that administers the program

Program Type:Tax Expenditure

The functional category of the program
In Official FIP? Not represented

(Tax expenditure not included in assistance-style inventories.)

Confidence Level: Medium

Authorizing Statute: 26 U.S.C. 25A

Funding Status: Permanent tax authority

Primary Source: https://uscode.house.gov/download/download.shtml

Notes: Higher education tax credit.

Additional details about data sources and custom mapping of data are available on the Data Details page.

Outlays (millions)

Actual money spent in FY2024

$0

Source: Account-group/reference mapping (medium confidence)

Obligations (millions)

Money the government committed to spend in FY2024

$0

Source: Account-group/reference mapping (medium confidence)

Budget Authority (millions)

The amount Congress authorized agencies to commit

$0

Source: 0 entered intentionally to avoid double counting or because this fiscal flavor is not primary for this row; see Fiscal Method.

Revenue Loss (millions)

Estimated revenue not collected due to tax policy (tax expenditures)

$17030

Source: Account-group/reference mapping (medium confidence)

Primary Amount

The primary fiscal measure used for the program

$17030

Dollar Basis

The primary fiscal measure used for the program

Revenue Loss

Note: Primary basis is revenue loss for tax expenditures.

Dollar Quality

How directly the dollar amount reflects observed data

Actual

Actual = reported or observed spending, Estimated = derived from modeling or mapping, Carry-Zero = structural row with no direct dollars