What is the income max to claim 1098-T for a dependent?

The American Opportunity credit is phased out if your modified adjusted gross income (MAGI) exceeds certain levels. (MAGI is adjusted gross income plus certain tax-free income from sources outside the United States.)

• For 2020, the MAGI phase-out range for unmarried individuals is $80,000 to $90,000.
• The MAGI phase-out range for married couples filing jointly is $160,000 to $180,000.
• Regardless of your income, you are not eligible if you use married filing separate status.

Like the American Opportunity credit, the Lifetime Learning credit is phased out if your modified adjusted gross income (MAGI) exceeds certain (much lower) levels.

• For 2020, the MAGI phase-out range for unmarried individuals is $59,000 to $69,000.
• The MAGI phase-out range for married couples filing jointly is $118,000 to $138,000.
• Regardless of your income, you are not eligible if you use married filing separate status.