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dborie
New Member

What is the income limit to be able to deduct education expenses for my dependent?

 
1 Reply
Texas Roger
Level 15

What is the income limit to be able to deduct education expenses for my dependent?

It varies by the type of credit or deduction. For married filing jointly filers, the American Opportunity Credit for undergraduates starts phasing out at $160,000 and is not available at $180,000. The Lifetime Learning Credit starts phasing out at $108,000 and is not available at $128,000. The tuition and fees deduction is not available at $160,000.

The amounts for other filing statuses (except Married Filing Separately where it is not allowed at all) is 1/2 of the married filing jointly limits.

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