Lifetime Learning Credit - This credit reduces your tax bill on a dollar-for-dollar basis for a portion of the tuition, fees and other qualifying expenses you pay for yourself, a spouse or a dependent to enroll in school.
There is no limit on the number of years you can use this credit for undergraduate, graduate and professional degree courses, including ones to improve job skills.
- Maximum credit is $2,000 per tax return.
- Can be used when you're only taking one class.
- You don't need to be working towards a degree.
- None of the credit is refundable.
Who is eligible for the Lifetime Learning Credit?
