What is the maximum income to be eligible for an Education deduction? I have a 1098-T for my son't college tuition.

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February 2, 2022
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xmasbaby0

Employee

https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit

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DanaB27

For the American Opportunity Tax Credit the credit is reduced if your MAGI (modified adjusted gross income) is between $80,000 and $90,000 ($160,000 and $180,000 if you're filing jointly). You won't get the credit if your MAGI is above $90,000 ($180,000 if you're filing jointly).

For the Lifetime Credit, the credit is reduced if your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you're filing jointly). You won't get the credit if your MAGI is above $90,000 ($180,000 if you're filing jointly).

Please see Who is eligible to take the American Opportunity Tax Credit? and Who is eligible for the Lifetime Learning Credit? for additional information.

[Edited 2/5/2022 | 4:50am PST]

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Hal_Al

Employee

What's New for 2021
Limits on modified adjusted gross income (MAGI). The
lifetime learning credit MAGI limit increases to $180,000 if you're
married filing jointly ($90,000 if you're filing single, head of
household, or qualifying widow(er)). The American opportunity
credit MAGI limits remain unchanged.

Reference: https://www.irs.gov/pub/irs-pdf/i8863.pdf