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February 2, 2021
Question

How does the Lifetime Learning Credit get applied to my refund after I have qualified for it?

  • February 2, 2021
  • 1 reply
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I have qualified for an amount for the Lifetime learning credit and have already upgraded my account to the deluxe version as it required to receive it. The credit does not show up to my account when I am ready to file. How do I get that credit?

1 reply

Hal_Al
Employee
February 2, 2021

The first thing you need to understand that, unlike the American Opportunity Credit (AOTC), the Lifetime Learning Credit (LLC) is non refundable.  It can only be used to reduce your tax liability.  Once your tax liability is reduced to zero, none of it will be refunded to you. The LLC will be included on line 20 of form 1040, if needed to reduce your tax, with any other credits from Schedule 3.  It's also online 3 of Schedule 3.