The American Opportunity Credit is only good for undergraduate students, but read below to see if you should be getting the Lifetime Learning Credit LLC (see below). The LLC credit can be use to pay any tax you owe but you won’t receive any of the credit back as a refund.
Also, Bipartisan Budget Act of 2018 recently passed reinstated the Tuition and Fees Deduction but TurboTax is waiting on the IRS directions for adding it back to the tax forms.
You can claim LLC if:
The American Opportunity Credit is only good for undergraduate students, but read below to see if you should be getting the Lifetime Learning Credit LLC (see below). The LLC credit can be use to pay any tax you owe but you won’t receive any of the credit back as a refund.
Also, Bipartisan Budget Act of 2018 recently passed reinstated the Tuition and Fees Deduction but TurboTax is waiting on the IRS directions for adding it back to the tax forms.
You can claim LLC if: