Tax Credits & Deductions
The Lifetime Learning Tax Credit
For the tax year, you may be able to claim a lifetime learning credit of up to $2,000 for qualified education expenses paid for all students enrolled in eligible educational institutions. There is no limit on the number of years the Lifetime Learning Credit can be claimed for each student. The full credit is available to individuals whose modified adjusted gross income is less than an amount specified annually by the IRS. The credit is phased out for taxpayers with incomes above these levels.


