Yes, but there are conditions.
Yes. You are eligible
to claim the Lifetime Learning Credit if all of the following requirements are
met:
- You (or your dependent or a third party) paid qualified education
expenses for higher education.
- You paid the education expenses for an eligible student.
- The eligible student is you, your spouse, or a dependent you claim
an exemption for on your tax return.
- Your modified adjusted gross income is less than $67,000($134,000
if you are married filing jointly).
- The credit is reduced between $57,000 and $67,000 ($114,000 and
$134,000 MFJ).
To qualify, students must
attend an eligible institution. Almost all accredited public, nonprofit and
for-profit postsecondary schools (including many trade schools) fit this
description. To make sure a school is eligible, go to fafsa.gov and verify that it has a
Federal School Code.
https://www.irs.gov/credits-deductions/individuals/llc
