Who qualifies for the Lifetime Learning Credit?

Any taxpayer paying qualified tuition and fees for themselves, a spouse, or a dependent at an eligible institution qualifies, as long as MAGI is below $90,000 (single) or $180,000 (married filing jointly) in 2024. There is no limit on the number of years the credit can be claimed, making it ideal for graduate and professional students.

Can I claim both AOTC and LLC in the same year?

No. You cannot claim both the AOTC and the Lifetime Learning Credit for the same student in the same tax year. However, if you have multiple students in your household, you could claim AOTC for one (who meets the first-four-year requirement) and LLC for another simultaneously.

Lifetime Learning Credit Calculator

Calculate the Lifetime Learning Credit (LLC) — up to $2,000 per tax return — for tuition and qualified education expenses at eligible higher education institutions.

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Grade

🎓 Education Disclaimer: Calculators are for guidance only. GPA scales, loan terms, and concordance tables may vary by institution and year. Verify with your school's registrar and official financial aid office.

How to Use

Enter the values for the scenario you are assessing. Calculate the Lifetime Learning Credit (LLC) — up to $2,000 per tax return — for tuition and qualified education expenses at eligible higher education institutions. Use the lifetime learning credit result to inform your calculation.

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Frequently Asked Questions

Who qualifies for the Lifetime Learning Credit?

Can I claim both AOTC and LLC in the same year?