Turbotax Deluxe Desktop 2022 indicates that my son qualifies for a Lifetime Learning Credit, but the Turbotax On Demand Tax Guidance gives incorrect information re: qualifications for the credit. According to the Tax Guidance, "The lifetime learning credit is available for, among other criteria, "Students who are not pursuing a degree, certificate or credential."
My son is pursuing a Master's Degree in Counseling, and according to the IRS.gov website, a student is eligible for the LLC if they are "taking higher education course or courses to get a degree or other recognized education credential or to get or improve job skills."
Please correct the On Demand Tax Guidance for the LLC!!!
Yes, the On Demand Tax Guidance is correct.
IRS Publication 970 says:
"Student doesn't need to be pursuing a program leading to a degree or other recognized education credential."
Click here to see the applicable section of Publication 970.
Julie, you misunderstood my message. The On Demand Tax Guidance indicates that a student cannot be in a degree program in order to qualify for the LLC.