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February 9, 2023
Question

I paid $3218 in tuition but only received $4 for the Lifetime Learning Credit. I thought it should be 20% of expenses if you qualify. Any thoughts?

  • February 9, 2023
  • 1 reply
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1 reply

Hal_Al
Employee
February 10, 2023

Yes the  Lifetime Learning Credit (LLC) is 20% of tuition paid. But, it is a non refundable credit.  That is, it can only be used to reduce your tax liability.  If line 22 of form 1040 is 0, you have received all the LLC allowed.

 

See the LLC calculation on form 8863.