Who is eligible for the Lifetime Learning Credit?

You can take the Lifetime Learning Credit every year for higher education, as long as you meet all of these qualifying requirements:

• You, your dependent, or a third party paid qualified education expenses for higher education at an eligible educational institution
• The qualified education expenses were for an eligible student
• The eligible student is you, your spouse, or a dependent on your tax return
• For the full credit, your 2023 modified adjusted gross income (MAGI) is less than $90,000 ($180,000 if you are filing jointly)
  • For a reduced credit, your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you're filing jointly)