My employer gave me $3,594 in education benefits last year, which I applied toward a grad. certificate. I have a 1098-T. Am I eligible for the lifetime learning credit?

carr-lucy · ‎March 22, 2021

I did this quiz on the IRS website (https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit) and it said I was eligible, even though I answered that I paid for the tuition with tax-free funds. Another part of their website (https://www.irs.gov/publications/p970#en_US_2020_publinkxxxxxxxxxx) said that I was not eligible.

Hal_Al · ‎March 22, 2021

Q. Am I eligible for the lifetime learning credit?

A. No, because you paid for it with tax-free funds.

That would be double dipping, getting two tax benefits for the same money.

carr-lucy · ‎March 25, 2021

Thanks! That's what I figured.

Education