Q. Just to confirm I am understanding correctly, I would include the tuition reimbursement I received from my employer for the 2024 and 2025 year as it is for classes in 2024? For example, I received $5,250 for 2024 and $4,000 for 2025, I can report $10,750 ($20,000 - $9,250) for the Lifetime learning credit (LLC)?
A. Yes.
Q. Additionally, the $1,250 remaining for 2025 will be used in next year's taxes/LLC since I will continue taking graduate classes?
A. Yes.
