Can you claim undergraduate expenses if you are working on a second degree?

sierrakathryn · ‎January 31, 2022

I already have a bachelors degree but have started a new undergraduate program.

Vanessa A · ‎January 31, 2022

Yes, you can claim your undergraduate expenses for your second degree with the Lifetime Learning Credit.

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Hal_Al · ‎January 31, 2022

Yes. You can claim the Lifetime Learning Credit (LLC). You may not claim the more generous American Opportunity credit (AOC or AOTC) because you have "completed 4 years of post secondary education".

There's one loop hole where you can claim the AOTC: you may count the 2nd degree expenses if you completed your 1st degree in the same year. That is you had not "completed 4 years of post secondary education" at the beginning of the year.