BrittanyS
Expert Alumni

Deductions & credits

There are a few reason's why you may not qualify for the education expense deduction.  

 

  • You're filing your return as Married Filing Separately
  • Your adjusted gross income (AGI) is too high
    • The American Opportunity Tax Credit AGI limit is $90,000 ($180,000 for joint returns)
    • The Lifetime Learning Credit AGI limit is $90,000 ($180,000 for joint returns)
  • Your expenses were paid with tax-free scholarships, fellowships, grants, education savings account funds, tax-free savings bond interest, or employer-provided education assistance

For more information on education credits, see the link below:

 

Education Expenses Credit

 

@dpmmusic 

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