turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why is my lifetime learning credit showing up as 0$, I am a 24 year old grad student with a very low income and 40000$ in tuition? it seems like I should qualify for 2k

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Hal_Al
Level 15

Why is my lifetime learning credit showing up as 0$, I am a 24 year old grad student with a very low income and 40000$ in tuition? it seems like I should qualify for 2k

The lifetime Learning Credit (LLC) is a non refundable credit (unlike the American Opportunity Credit for undergrads).  It can only be used to reduce your tax liability. If you have very low income, you probably have no tax liability

 

View solution in original post

1 Reply
Hal_Al
Level 15

Why is my lifetime learning credit showing up as 0$, I am a 24 year old grad student with a very low income and 40000$ in tuition? it seems like I should qualify for 2k

The lifetime Learning Credit (LLC) is a non refundable credit (unlike the American Opportunity Credit for undergrads).  It can only be used to reduce your tax liability. If you have very low income, you probably have no tax liability

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies