Non Credit Lifetime Learning Credit

Non Credit Lifetime Learning Credit

  • Lifetime Learning Credit allows you to take a tax credit if you do not qualify for the American Opportunity Credit. Adults returning to college and students attending less than half time are eligible for the tax credit. The tax credit allows for a maximum of $2,000 (20% of $10,000) for qualified expenses. 

    Single filers over $60,000 in income and joint filers over $120,000 are ineligible for the Lifetime Learning tax credit. Taxpayers filing married and separate are not eligible. The Lifetime Learning Credit may not be claimed during the same year as the Hope Scholarship Credit.

    Maximum credit  Up to $2,000 ($4,000 if a student in a Midwestern disaster area) credit perreturn .
    Limit on modified adjusted gross income (MAGI) $120,000 if married filling jointly; $60,000 if single, head of household, or   qualifying widow(er).
    Refundable or nonrefundable  
    Number of years of postsecondary education Available for all years of postsecondary and for courses to acquire or improve job skills. 
    Number of tax years credit available Available for an unlimited number of years.
    Type of degree required Student does not need to be pursuing a degree or other recognized education credentials. 
    Number of courses Available for one or more courses. 
    Felony drug conviction Felony drug convictions are permitted.
    Qualified expenses  
    Payments for academic periods Payments made in 2015 for academic periods beginning in 2015 and in the first 3 months of 2016. 
  • For more information

    Continuing Education Office

    FACTS/Nelnet Business Solutions 

    Business Office