Notice code 242 (Default) — We didn’t allow part or all of the amount claimed as education credits on page 2 of your tax return …

We didn’t allow part or all of the amount claimed as education credits on page 2 of your tax return from Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits), for one or more of the following reasons: - the Social Security Number or Individual Taxpayer Identification Number for one or more students listed on the form was missing or the last name did not match our reco…

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What the IRS language says

We didn’t allow part or all of the amount claimed as education credits on page 2 of your tax return from Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits), for one or more of the following reasons: - the Social Security Number or Individual Taxpayer Identification Number for one or more students listed on the form was missing or the last name did not match our records or the records provided by the Social Security Administration - your filing status was Married Filing Separately - your adjusted gross income was more than the maximum amount allowed for your filing status - the student or students listed were not claimed as exemptions on your tax return

What it usually means

242 is in our IR Manual catalog. Official wording is dense — we translate it for business owners and individuals and map realistic next steps.

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