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Question

If my income is less than $55,000 and my student tuition was $20,000 in 2020 and I don't owe any taxes, why am I not getting the full $2,000 lifetime learning credit back

Forum|Forum|5 years ago
March 24, 2021
2 replies
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TurboTax Deluxe Online

The Lifetime Learning credit is a non-refundable credit. Therefore, if your tax liability of less than $2,000, you will not be able to use the full credit.

Please read this IRS document for more information.

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Employee

The Lifetime Leaning Credit (LLC) is non-refundable. It can only be used to offset your tax liability. Once you tax is reduce to 0, non of the "left over" LLC is sent to you. It is simply lost.