MayaD
Expert Alumni

Education

Revisit the Education section and go over the questions again to make sure you didn't miss anything.

You can take the Lifetime Learning Credit every year as long as you meet all of these qualifying requirements:

  • You, your dependent, or a third party paid qualified education expenses for higher education at an eligible educational institution
  • The qualified education expenses were for an eligible student
  • The eligible student is you, your spouse, or a dependent on your tax return
  • For the full credit, your 2023 modified adjusted gross income (MAGI) is less than $90,000 ($180,000 if you are filing jointly)
    • For a reduced credit, your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you're filing jointly)

 

Qualified expenses are tuition and certain related expenses required for enrollment at an eligible institution.

The course must be either part of a post-secondary degree program or be taken to acquire or improve job skills.

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