topic If my income is less than $55,000 and my student tuition was $20,000 in 2020 and I don't owe any taxes, why am I not getting the full $2,000 lifetime learning credit back in Education https://ttlc.intuit.com/community/college-education/discussion/if-my-income-is-less-than-55-000-and-my-student-tuition-was-20-000-in-2020-and-i-don-t-owe-any-taxes/01/2130410#M40371 Wed, 24 Mar 2021 18:55:08 GMT iravanesi 2021-03-24T18:55:08Z If my income is less than $55,000 and my student tuition was $20,000 in 2020 and I don't owe any taxes, why am I not getting the full $2,000 lifetime learning credit back https://ttlc.intuit.com/community/college-education/discussion/if-my-income-is-less-than-55-000-and-my-student-tuition-was-20-000-in-2020-and-i-don-t-owe-any-taxes/01/2130410#M40371 Wed, 24 Mar 2021 18:55:08 GMT https://ttlc.intuit.com/community/college-education/discussion/if-my-income-is-less-than-55-000-and-my-student-tuition-was-20-000-in-2020-and-i-don-t-owe-any-taxes/01/2130410#M40371 iravanesi 2021-03-24T18:55:08Z Re: If my income is less than $55,000 and my student tuition was $20,000 in 2020 and I don't owe ... https://ttlc.intuit.com/community/college-education/discussion/re-if-my-income-is-less-than-55-000-and-my-student-tuition-was-20-000-in-2020-and-i-don-t-owe/01/2130465#M40375 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">The Lifetime Learning credit is a non-refundable credit. Therefore, if your tax liability of less than $2,000, you will not be able to use the full credit.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Please read this&nbsp;<A href="https://www.irs.gov/credits-deductions/individuals/llc" target="_blank">IRS document</A>&nbsp;for more information.</SPAN></SPAN></P> Wed, 24 Mar 2021 19:06:31 GMT https://ttlc.intuit.com/community/college-education/discussion/re-if-my-income-is-less-than-55-000-and-my-student-tuition-was-20-000-in-2020-and-i-don-t-owe/01/2130465#M40375 MinhT1 2021-03-24T19:06:31Z Re: If my income is less than $55,000 and my student tuition was $20,000 in 2020 and I don't owe any taxes, why am I not getting the full $2,000 lifetime learning credit back https://ttlc.intuit.com/community/college-education/discussion/re-if-my-income-is-less-than-55-000-and-my-student-tuition-was-20-000-in-2020-and-i-don-t-owe-any/01/2130470#M40376 <P>The Lifetime Leaning Credit (LLC) is non-refundable. It can only be used to offset your tax liability.&nbsp; Once you tax is reduce to 0, non of the "left over" LLC is sent to you.&nbsp; It is simply lost.</P> Wed, 24 Mar 2021 19:08:02 GMT https://ttlc.intuit.com/community/college-education/discussion/re-if-my-income-is-less-than-55-000-and-my-student-tuition-was-20-000-in-2020-and-i-don-t-owe-any/01/2130470#M40376 Hal_Al 2021-03-24T19:08:02Z