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I'm a FT graduate student and have a 1098-T. Turbo Tax is telling me I don't qualify for the Lifetime Learning credit but I don't know why. Any ideas?

Does your taxable income need to be above a certain amount to get this?
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2 Replies

I'm a FT graduate student and have a 1098-T. Turbo Tax is telling me I don't qualify for the Lifetime Learning credit but I don't know why. Any ideas?

The Lifetime Learning Credit is non-refundable.   It can only be used to reduce your tax liability.   If you have no tax liability the credit does nothing for you.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Hal_Al
Level 15

I'm a FT graduate student and have a 1098-T. Turbo Tax is telling me I don't qualify for the Lifetime Learning credit but I don't know why. Any ideas?

Q. Does need to be above a certain amount to get this?

A. Yes. Your taxable income must be above 0, so that you have a tax liability to offset.  Unlike the more generous American Opportunity Credit (usually not available to grad students), the  Lifetime Learning credit is "non refundable".

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