Graduate school tuition qualifies for the lifetime learning credit even if you aren't pursuing a specific degree or if you aren't enrolled at least half-time. However, your modified adjusted gross income can't be too high for your filing status and you can't use the married filing separately filing status. The lifetime learning credit equals 20 percent of your tuition and required fees, up to a maximum credit of $2,000. However, it is a non-refundable credit, which means if you don't owe any taxes, you won't have it refunded to you.
If you don't qualify for the lifetime learning credit, you might still be able to deduct up to $4,000 of your graduate school tuition and fees under this deduction. You have to be below the income limits and can't use the married filing separately status, but the income limits are higher than the lifetime learning credit limits. You also don't have to be enrolled at least half-time or pursuing a specific degree.
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