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Question

Can I claim LLC education credit as a graduate student?

Forum|Forum|1 year ago
March 8, 2025
1 reply
0 views

Hi! I am a graduate student, and my program offers tuition remission, which covers tuition, fees, and health insurance premiums. However, on my 1098-T, box 1 is empty, and box 5 only lists the amount for health insurance. On my school's finance page, I can see the tuition and fee charges as well as the tuition remission, listed as "Dept Aid - Tuit&CFees." I want to ask if I can still claim the LLC education credit? Apologies if this is a simple question. I couldn't find much information about it

Not A Product Question

Employee

The Lifetime Learning Credit is a non-refundable education credit that can be used to reduce your tax owed, but if you owe no tax, the LLC does nothing for you.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

wendyz123Author

I do owe taxes because I also receive a stipend, which is reported on my W-2.

Employee

Then enter your information for the LLC. If you have a tax liability the LLC will help.

LIFETIME LEARNING CREDIT

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/expenses-qualify-lifetime-learning-credit/L7cpyQLrJ_US_en_US?uid=m6eg46im

https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/00/26844

https://ttlc.intuit.com/questions/3262984-who-is-eligible-for-the-lifetime-learning-credit

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**