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amanda-arend
New Member

I'm not qualifying for the Lifetime Learning Credit even though my expenses were more than $10k. Why is this?

I'm trying to figure out why I don't qualify for the Lifetime Learning Credit and it's baffling me. All signs point to me being able to claim it, but it keeps coming back to tell me I'm getting $0.

For reference, my education expenses were over $10k, I am a graduate student (so I don't qualify for the American Opportunity Credit), and I made around $1500 in wages (from both a retail job and a self employed job) over the course of the year. Can anyone give me any insight into why I'm not qualifying for the $2000 refund? Is it because I was self employed for a few months? I don't get it.

1 Best answer

Accepted Solutions
xmasbaby0
Level 15

I'm not qualifying for the Lifetime Learning Credit even though my expenses were more than $10k. Why is this?

The Lifetime Learning Credit is not a refund.  it is a credit that can reduce the ordinary income tax you owe.  If you only had income of $1500, then you do not owe any tax, so no credit is applied.

**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.**

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4 Replies
xmasbaby0
Level 15

I'm not qualifying for the Lifetime Learning Credit even though my expenses were more than $10k. Why is this?

The Lifetime Learning Credit is not a refund.  it is a credit that can reduce the ordinary income tax you owe.  If you only had income of $1500, then you do not owe any tax, so no credit is applied.

**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.**
xmasbaby0
Level 15

I'm not qualifying for the Lifetime Learning Credit even though my expenses were more than $10k. Why is this?

<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3262982-what-expenses-qualify-for-the-lifetime-learning-credit">ht...>
**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.**
amanda-arend
New Member

I'm not qualifying for the Lifetime Learning Credit even though my expenses were more than $10k. Why is this?

Ughh really? That sucks because I've gotten the AOC before and it WAS a refund :( Oh well... thanks for the explanation!
xmasbaby0
Level 15

I'm not qualifying for the Lifetime Learning Credit even though my expenses were more than $10k. Why is this?

Please take note of the last sentence of this FAQ   "Since this is not a refundable credit, the credit can't be more than your tax liability."
**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.**
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