 Income Tax 2021-2022 American Opportunity Credit. Get ready to get refunds to the max. Dive in into Income Tax 2021-2022. Most of this information can be found in Form 8863 Instructions Tax Year 2021 IRS website, irs.gov, irs.gov. Second half of the income tax formula in the credit area, noting that both credits and deductions are good, if you had a dollar credit versus a dollar deduction. The dollar credit would typically be better because you generally get the full amount of the credit as opposed to the dollar deduction, where you only get a decrease to the taxable income the tax then applied on it. Note also that we have two main categories for the credits. We got the non-refundable credits. We got the refundable credits. The non-refundable credits don't take the tax liability below zero, but the refundable credits may, which means you could possibly get a refund that's not really a...