Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
slpierce11
New Member

I work full time and go to college part time and receive student loans. Do I receive a tax credit for going to school?

 
1 Best answer

Accepted Solutions
Marketstar
Level 7

I work full time and go to college part time and receive student loans. Do I receive a tax credit for going to school?

Yes, in order to qualify for the Lifetime Learning credit, you must have made tuition and fee payments to a post-secondary school (after high school) during the year.

You can claim the credit for any post-secondary classes you take; you don't have to be working towards a degree. Some limitations do exist though.

If you earn too much income during the year, you may not be eligible to claim the credit. However, this also depends on your filing status.

See What Is the Lifetime Learning Tax Credit?

https://turbotax.intuit.com/tax-tips/college-and-education/what-is-the-lifetime-learning-tax-cr...

View solution in original post

1 Reply
Marketstar
Level 7

I work full time and go to college part time and receive student loans. Do I receive a tax credit for going to school?

Yes, in order to qualify for the Lifetime Learning credit, you must have made tuition and fee payments to a post-secondary school (after high school) during the year.

You can claim the credit for any post-secondary classes you take; you don't have to be working towards a degree. Some limitations do exist though.

If you earn too much income during the year, you may not be eligible to claim the credit. However, this also depends on your filing status.

See What Is the Lifetime Learning Tax Credit?

https://turbotax.intuit.com/tax-tips/college-and-education/what-is-the-lifetime-learning-tax-cr...

Dynamic AdsDynamic Ads
Privacy Settings
v