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albenitah
New Member

Do I qualify for the lifetime credit?

I took a couple of classes in the beginning of the year (after my undergraduate degree) and then I went to nursing school. I got 2 1098-T (one for the extra classes and one for nursing school). I took the 4 years of the undergraduate AOC, do I qualify for the lifetime credit now? 

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1 Reply
CatinaT1
Expert Alumni

Do I qualify for the lifetime credit?

Yes, you should be eligible for the Lifetime Learning Credit.

 

For the Lifetime Learning Credit there is no limit on the number of years you can use this credit for undergraduate, graduate and professional degree courses. This includes ones to improve job skills.

  • Maximum credit is $2,000 per tax return.
  • Can be used when you're only taking one class.
  • You don't need to be working towards a degree.
  • None of the credit is refundable.

In TurboTax you need to first enter your tuition statement - form 1098-T.  The software will ask you a few questions that will generate and apply the lifetime learning credit to your return. 

  • In TurboTax, search for "1098T" and
  • Click the "Jump to" link in the search results.
  • Answer any education questions that pop up (enrollment status, name of school, etc).

For helpful information on Educational Credits here is IRS information on Lifetime Learning Credit.

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