The Lifetime Learning Credit is a nonrefundable credit. This means, the credit is limited to the amount of tax liability that you have. If you had $15,000 in income, then you subtract your standard deduction of $13,850, you would have $1,150 in taxable income which would be about $71 in tax liability. The Lifetime Learning credit, without the limit for $6,663 would have been $1,333, but you were only able to get $71 due to your tax liability being $71.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
