What is Lifetime Learning Credit and why do I have it?

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bosso3

Level 7

You probably have it because you answered a TurboTax question about education expenses that you paid.

For more info about what it is, refer to https://www.irs.gov/newsroom/tax-benefits-for-education-information-center Click the links for details. You can also see IRS Publication 970, Tax Benefits for Education, which is a link in the previous link.

AmyC

Alumni - Intuit

The Lifetime Learning Credit is for college students that do not qualify for the American Opportunity Tax Credit. See Available Education Credits for the differences. If you have a form 1098-T from a college, the program knew to check for the extra credit for you. For complete details, see Publication 970, Tax Benefits for Education.

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