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April 6, 2020
Question

If I qualify for the Lifetime Learning Credit, why is it showing up as $0 in the tuition deduction section?

  • April 6, 2020
  • 1 reply
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1 reply

April 6, 2020

Because it’s not a deduction, it’s a credit.

The Lifetime Learning Credit is a credit – a dollar for dollar reduction in your tax, shown on Schedule 3, line 3.

The Tuition and Fees Deduction is an adjustment to income – that is, it lowers the income your tax is based upon – and is reported on Schedule 1, line 21.