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All glossary terms

Glossary term

Lifetime Learning Credit

A nonrefundable education credit equal to 20 percent of up to $10,000 of qualified education expenses.

Related terms

1

Jurisdictions

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Definition

The Section 25A Lifetime Learning Credit applies to any post-secondary education and is not limited to the first four years. It is more flexible than AOTC but nonrefundable and subject to MAGI phaseout.

Examples

  • A graduate student with $5,000 of qualified expenses receives a $1,000 nonrefundable credit.

Translations

EScrédito por aprendizaje de por vida
ZH终身学习税收抵免
DELifetime Learning Steuergutschrift
FRcrédit Lifetime Learning
JAライフタイム・ラーニング控除

Citations

26 U.S.C. · 25A

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Primary sources

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.