#SCALLQUICKHITS — Lifetime Learning Tax Credit Worth Checking
Despite Hurdles, Lifetime Learning Tax Credit Worth the Effort
Unlike a deduction, this is up to a $2,000 credit, dollar for dollar, for students attending eligible schools that meet certain requirements, those being:
- The student must be enrolled at an eligible educational institution
- The purpose of enrollment must be to obtain a degree or similar credential, get a job, or improve job skills
- The student must be enrolled for at least one academic period per tax year, which is defined as either a semester, trimester, quarter, or any period of study as determined by the institution in question
Learn more here:
Can I Claim the Lifetime Learning Credit?