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January 28, 2020
Question

1098-T Amount needed to receive credit

  • January 28, 2020
  • 1 reply
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Is there a minimum amount you need to have paid to receive education credit? My wife took 2 classes for grad school this past Fall, and her tuition payments were $3600, and was a half-time student. I was not sure, and could not find any information on this, if there was a minimum amount needed to be paid to receive any credit.

    1 reply

    January 28, 2020

    No, there isn't a minimum education expense requirement but you do have to meet certain criteria to be eligible for the Lifetime Learning Credit or the Tuition and Fees deduction. See:

    1. Who is eligible for the Lifetime Learning Credit?
    2. What is the Tuition and Fees Deduction?

    Related information:

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