The maximum amount of the AOC is $2,500 per student.
In 2019 the credit is phased out if your modified adjusted gross income (MAGI) is between $80,000 and $90,000 for single filers ($160,000 and $180,000, if you file a joint return). The phase out is the same in 2018.
Generally, 40% of the AOC is now a refundable credit for most taxpayers, which means that you can receive up to $1,000 even if you owe no taxes
The term 'qualified tuition and related expenses' includes expenditures for 'course materials'. For this purpose, the term 'course materials' means books, supplies, and equipment needed for a course of study whether or not the materials must be purchased from the educational institution as a condition of enrollment or attendance
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