Tax Tips

LIFETIME LEARNING CREDIT

This is a nonrefundable tax credit for payments of qualified tuition and related expenses for post-secondary education.  The allowed credit is 10% of the qualified tuition, fees, and expenses you, your spouse, or a dependent paid for courses.  You do not have to be in a degree program, a full-time student, or in the first four years of post-secondary education to qualify for the Lifetime Learning credit.  The maximum credit allowed per return is $2,000.
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