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Why is the limit for lifetime learning credit the same for individuals and married couples? Or is it not?
My wife and I are both graduate students who could claim up to a $2000 credit when filing individually before getting married. It seems that now we must file a joint return in order to qualify for the credit and still the limit is $2000 for us both, whereas before it was $4000 ($2000 each).
Am I reading the limit wrong or does the IRS significantly penalize married students?
‎June 7, 2019
3:11 PM