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jcheap42
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What is the income limit to qualify for college education deductions?

our income is below $180,000.  why can't I deduct college education expenses?

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What is the income limit to qualify for college education deductions?

It depends on the type of credit you are taking.  The credits and deductions available have different income limitations and phase-outs.

American Opportunity Credit  - Your modified adjusted gross income is $90,000 ($180,000 if married filing jointly) or less (The credit is reduced between $80,000 and $90,000 ($160,000 and $180,000).

Lifetime Learning Credit - The credit is reduced between $56,000 and $66,000 ($112,000 and $132,000).

Tuition and Fees Deduction - Your modified adjusted gross income (MAGI) can't be more than $80,000 ($160,000 if filing a joint return).

See the TurboTax FAQs below for information on the income thresholds for the education credits.  Click "See entire answer" for the full page views.

https://ttlc.intuit.com/replies/5358150

https://ttlc.intuit.com/replies/5358151

https://ttlc.intuit.com/replies/3302271

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1 Reply

What is the income limit to qualify for college education deductions?

It depends on the type of credit you are taking.  The credits and deductions available have different income limitations and phase-outs.

American Opportunity Credit  - Your modified adjusted gross income is $90,000 ($180,000 if married filing jointly) or less (The credit is reduced between $80,000 and $90,000 ($160,000 and $180,000).

Lifetime Learning Credit - The credit is reduced between $56,000 and $66,000 ($112,000 and $132,000).

Tuition and Fees Deduction - Your modified adjusted gross income (MAGI) can't be more than $80,000 ($160,000 if filing a joint return).

See the TurboTax FAQs below for information on the income thresholds for the education credits.  Click "See entire answer" for the full page views.

https://ttlc.intuit.com/replies/5358150

https://ttlc.intuit.com/replies/5358151

https://ttlc.intuit.com/replies/3302271

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