Re: My 1098-T shows that I paid $7915 so why don't I get a tax credit of 20% or $1583?

My 1098-T shows that I paid $7915 so why don't I get a tax credit of 20% or $1583?

I make less than $68K.

posted

Which credit are you using? Lifetime Learning Credit has a limit of $58,000 if single.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Thank you for helping. I am using the lifetime learning credit but do not see the 58k limit. On instructions for form 8863 it’s says 68k is single.

thanks again!

Alice

My 1098-T shows that I paid $7915 so why don't I get a tax credit of 20% or $1583?