Can I claim the lifetime learning credit if I was a college student in 2016-2018? I just found out about this credit and would like to see if I qualify.
Can I claim the lifetime learning credit if I was a college student in 2016-2018? I just found out about this credit and would like to see if I qualify.
FYI, You only have three years to amend your income tax return from the date it was due in order to claim a refund. Therefore, you will only be able to amend your 2017 and 2018 income tax returns.
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If you were a dependent during those years, you were not allowed to claim the education credit. Your parents would have claimed it on their return.
You are asking about the lifetime learning credit (LLC) rather than the more generous American Opportunity Credit (AOC). The LLC is non-refundable. It could only be used to reduce an actual tax liability. The AOC is 40% refundable. Only undergrads can claim the AOC and a full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working.