Education

Are you a dependent on parent's return?  I am going to assume you are not.  If you are that can be the reason you are not getting any of the credits.

 There are a couple of things that could be going on.  

If you have income of less than $7000 and no one else claims you on their return, your tax liability is $0.

The Lifetime learning credit is a non- refundable credit.  Which means at your income level, if you have $0 taxable income, you would not get the credit because it is non-refundable. 

The American Opportunity Credit can only be claimed for the first four years of college education. You can also only claim the credit 4 years.  

This credit is refundable up to 40% of the credit.  So for you, the AOC  tentative credit would be $2250.   at 40% refundable $900.00 refund.  $900.00 is the maximum amount this credit could affect your taxes.

I am going to attach some more information.  If you have any more information, get back to me.

IRS PUB 970

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