This tax break, designed to recoup costs tied to your undergraduate degree, could be available to fewer folks under the House GOP’s version of Trump’s One Big Beautiful Bill Act.
The partisan megabill, which is about to go to the Senate and may face revisions, aims to require claimants of the American Opportunity Tax Act (AOTC) to have a Social Security number to be considered for the credit. GOP lawmakers are also proposing major cuts to public programs like SNAP and Medicaid to offset major tax breaks and the permanent extension of Trump’s Tax Cuts and Jobs Act of 2017.
