You are not eligible for the tuition and fees deduction because you are disqualified by your income.
You are also disqualified for the Lifetime Learning credit.
What are the income limits for Lifetime Learning Credit?
- For TY2020, the amount of your LLC is gradually reduced (phased out) if your MAGI is between $59,000 and $69,000 ($118,000 and $138,000 if you file a joint return).
- You can’t claim the credit if your MAGI is $69,000 or more ($138,000 or more if you file a joint return).
What are the income limits for the Tuition and fees deduction?
- Taxpayers with a 2020 MAGI up to $65,000 ($130,000 if married filing jointly) may claim a maximum $4,000 deduction.
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