MayaD
Expert Alumni

Education

The maximum annual credit per student is $2,500. You qualify for the credit if you:

  • Have not completed the first four years of post-secondary education.
  • Enroll in at least one academic semester during the applicable tax year.
  • Maintain at least half-time status in a program leading to a degree or other credential.
  • Have ever been a state or federal criminal because of a drug conviction, then he/she isn’t eligible for the tax credit.

For single Taxpayer the credit will phase out if your Adjusted gross income is between $80000 and $90000.

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