Since it's a master's program, you would not be eligible for the American Opportunity Credit based on the tuition paid on the Form 1098-T. But, you could still be able to take a Lifetime Learning Credit for the tuition.
I have provided some general information below that lays out the requirements for the LLC. It is possible you may not be eligible based on the income limits or one of the other requirements. Head of household filing status would be acceptable, but if the filing status is married filing separately - then that would cause a disqualification.
Also, this credit will only reduce your tax liability - it is NOT refundable. Thus, if you already have enough deductions and credits that you have no tax liability (possibly by claiming dependents), then you may not see any tax benefit in your refund from the credit.
To claim a Lifetime Learning Credit, you must meet all of the following requirements:
- You (or your dependent or a third party) paid qualified education expenses for higher education
- You paid the education expenses for an eligible student
- The eligible student is you, your spouse, or a dependent you claim an exemption for on your return
- Your modified adjusted gross income is less than $65,000 ($131,000 if you are MFJ)
- The credit is reduced between $55,000 and $65,000 ($111,000 and $131,000 if MFJ)
You cannot claim an education credit when:
- Someone else, such as your parents, list you as a dependent on their tax return
- Your filing status is married filing separately
- You already claimed or deducted another higher education benefit using the same student or same expenses (see Education Benefits: No Double Benefits Allowed for more information)
- You (or your spouse) were a non-resident alien for any part of the year and did not choose to be treated as a resident alien for tax purposes (find more information in Publication 519, U.S. Tax Guide for Aliens)
You can find more detailed information about the above requirements in the links below -
