What are the income limits for LLC (Lifetime Learning Credit)?For TY2022, the amount of your LLC is gradually reduced (phased out) if your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you file a joint return).You can’t claim the credit if your MAGI is $90,000 or more ($108,000 or more if you file a joint return).

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candymiranda

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Forum|Forum|3 years ago
January 31, 2023
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Hal_Al

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What are the income limits for LLC (Lifetime Learning Credit)?

For TY2022, the amount of your LLC is gradually reduced (phased out) if your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you file a joint return).
You can’t claim the credit if your MAGI is $90,000 or more ($108,000 or more if you file a joint return).