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New Member
posted Mar 26, 2024 8:59:38 AM

I qualify for the Lifetime Learning Credit, why didn't I get it?

I do not owe any taxes and am under the $90,000 threshold, so I'm not sure why it says I don't qualify. Why is it showing $0 and not qualified?

0 2 478
2 Replies
Expert Alumni
Mar 26, 2024 9:03:11 AM

The Lifetime Learning Credit (LLC) is a nonrefundable tax credit. It can only help bring our tax liability to 0. Any excess isn't refundable to you or carried forward.

 

See this IRS document.

Level 15
Mar 26, 2024 9:03:45 AM

The Lifetime Learning Credit (LLC) is a non refundable credit. "I do not owe any taxes" means you do not have a tax liability to claim a credit for.