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reneep17
New Member

Lifetime learning credit. Can you always get that if you went to school?

 
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Coleen3
Intuit Alumni

Lifetime learning credit. Can you always get that if you went to school?

Yes, but there are conditions.

Yes. You are eligible to claim the Lifetime Learning Credit if all of the following requirements are met:

  • You (or your dependent or a third party) paid qualified education expenses for higher education.
  • You paid the education expenses for an eligible student.
  • The eligible student is you, your spouse, or a dependent you claim an exemption for on your tax return.
  • Your modified adjusted gross income is less than $67,000($134,000 if you are married filing jointly).
  • The credit is reduced between $57,000 and $67,000 ($114,000 and $134,000 MFJ).

To qualify, students must attend an eligible institution. Almost all accredited public, nonprofit and for-profit postsecondary schools (including many trade schools) fit this description. To make sure a school is eligible, go to fafsa.gov and verify that it has a Federal School Code.

https://www.irs.gov/credits-deductions/individuals/llc


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