Why can't I claim an education deduction or credit
Good afternoon, I see you want to know why you could not claim an education credit. I will be happy to inform you with the general qualifications for each education credit and then you can see if any pertain to you.
1.To qualify for the American Opportunity Credit as follows:
You are not eligible to claim the American Opportunity Credit if any of the following applies:
The maximum amount of Lifetime Learning Credit you can claim is 20% of the first $10,000 of qualified education expenses you paid for all eligible students ($2,000). This is called the tentative credit. If your modified adjusted gross income is between $53,000 and $63,000 ($107,000 to $127,000 if married filing jointly) you are within the range where the credit is reduced.
And since this is not a refundable credit, the credit can't be more than your tax liability.3.To qualify for the Tuition and Fees Deduction:
You are not eligible to claim the Tuition and Fees Deduction if any of the following applies:
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