topic Why is it that when I submit my taxes I only receive 1004$ and my wife 996$ for the LLC when we are both students and both paying &gt;14000$ in tuition last year in Education https://ttlc.intuit.com/community/college-education/discussion/why-is-it-that-when-i-submit-my-taxes-i-only-receive-1004-and-my-wife-996-for-the-llc-when-we-are/01/2824594#M48665 Mon, 23 Feb 2026 10:35:26 GMT usergavin-klinge 2026-02-23T10:35:26Z Why is it that when I submit my taxes I only receive 1004$ and my wife 996$ for the LLC when we are both students and both paying >14000$ in tuition last year https://ttlc.intuit.com/community/college-education/discussion/why-is-it-that-when-i-submit-my-taxes-i-only-receive-1004-and-my-wife-996-for-the-llc-when-we-are/01/2824594#M48665 Mon, 23 Feb 2026 10:35:26 GMT https://ttlc.intuit.com/community/college-education/discussion/why-is-it-that-when-i-submit-my-taxes-i-only-receive-1004-and-my-wife-996-for-the-llc-when-we-are/01/2824594#M48665 usergavin-klinge 2026-02-23T10:35:26Z Re: Why is it that when I submit my taxes I only receive 1004$ and my wife 996$ for the LLC when we are both students and both paying >14000$ in tuition last year https://ttlc.intuit.com/community/college-education/discussion/re-why-is-it-that-when-i-submit-my-taxes-i-only-receive-1004-and-my-wife-996-for-the-llc-when-we-are/01/2824601#M48667 <P><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/expenses-qualify-lifetime-learning-credit/L7cpyQLrJ_US_en_US?uid=ld5l7n0t" target="_blank">https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/expenses-qualify-lifetime-learning-credit/L7cpyQLrJ_US_en_US?uid=ld5l7n0t</A></P> Sat, 21 Jan 2023 06:47:10 GMT https://ttlc.intuit.com/community/college-education/discussion/re-why-is-it-that-when-i-submit-my-taxes-i-only-receive-1004-and-my-wife-996-for-the-llc-when-we-are/01/2824601#M48667 xmasbaby0 2023-01-21T06:47:10Z Re: Why is it that when I submit my taxes I only receive 1004$ and my wife 996$ for the LLC when we are both students and both paying >14000$ in tuition last year https://ttlc.intuit.com/community/college-education/discussion/re-why-is-it-that-when-i-submit-my-taxes-i-only-receive-1004-and-my-wife-996-for-the-llc-when-we-are/01/2824699#M48671 <P>The Lifetime Learning Credit (LLC) is a non refundable tax credit.&nbsp; It can only be used to reduce your tax liability to 0.&nbsp;&nbsp;</P> <P>See the Credit Limit Worksheet, for line 19 of from 8863.&nbsp;</P> <P>&nbsp;</P> <P>Although it is strange that&nbsp; 1004 + 996 is exactly $2000.&nbsp; Review you student worksheets and forms 8863.</P> Sat, 21 Jan 2023 13:50:10 GMT https://ttlc.intuit.com/community/college-education/discussion/re-why-is-it-that-when-i-submit-my-taxes-i-only-receive-1004-and-my-wife-996-for-the-llc-when-we-are/01/2824699#M48671 Hal_Al 2023-01-21T13:50:10Z