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
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1 Best answer
Hal_Al
Level 15
Jan 29, 2021 5:16:31 AM
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
1 Replies
Hal_Al
Level 15
Jan 29, 2021 5:16:31 AM
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