I'm a FT graduate student and have a 1098-T. Turbo Tax is telling me I don't qualify for the Lifetime Learning credit but I don't know why. Any ideas?

Forum|Forum|1 year ago
February 6, 2025
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Does your taxable income need to be above a certain amount to get this?

xmasbaby0

Employee

The Lifetime Learning Credit is non-refundable. It can only be used to reduce your tax liability. If you have no tax liability the credit 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.**

Hal_Al

Employee

Q. Does need to be above a certain amount to get this?

A. Yes. Your taxable income must be above 0, so that you have a tax liability to offset. Unlike the more generous American Opportunity Credit (usually not available to grad students), the Lifetime Learning credit is "non refundable".