The lifetime learning credit (LLC) is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution. This credit can help pay for undergraduate, graduate and professional degree courses .
The Lifetime Learning Credit can give you up to $2,000 in tax credit. It allows you to claim up to 20% of your out-of-pocket college expenses, even if you only took one class this year. There are income limits and filing status restrictions for claiming the credit, but we’ll determine your eligibility and calculate everything for you.
If you don't want to claim the credit, you can remove it by deleting Form 8863 - Education Credits. To do this please follow these steps:
TurboTax Online
- While in your return, click on Tax Tools then Tools.
- In the Tools Center, under Other helpful links click on Delete a form.
- Click Delete next to the form you want to delete and follow the onscreen instructions.
TurboTax CD/Download
- Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.
- In the Forms in My Return list on the left, click on the form you wish to open and delete.
- Click on the Delete Form box at the bottom of the screen.
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