Yes. You can claim an education tax credit for this year.
Your 2015 tax return shows that you claimed the Lifetime Learning Credit giving you a credit of $463 on your $2,315 of qualified education expense paid in the year.
The Lifetime Learning Credit is the correct credit for you to claim since you or your parents probably claimed the American Opportunity Credit for four years already (the maximum times you can claim AOC).
You're entitled to claim the Lifetime Learning Credit for as long as you take classes (2016 and all future years) if all
of the following requirements are met:
- You (or your dependent or a third party) paid qualified education
expenses for higher education.
- You paid the education expenses for an eligible student.
- The eligible student is you, your spouse, or a dependent you claim
an exemption for on your tax return.
- Your modified adjusted gross income is less than $65,000($131,000
if you are married filing jointly).
- The credit is reduced between $55,000 and $65,000 ($111,000 and
$131,000 MFJ).
To qualify, students must attend an
eligible institution. Almost all accredited public, nonprofit and for-profit
postsecondary schools (including many trade schools) fit this description. To
make sure a school is eligible, go to fafsa.gov and verify that it has a Federal School Code.
