American Opportunity Tax Credit
Up to $2,500 per eligible student, 40% refundable. First four years of undergraduate only, half-time enrollment minimum, no felony drug conviction. Phases out at $80K single / $160K MFJ.
Lifetime Learning Credit
Up to $2,000 per return (not per student), non-refundable. Works for graduate school, continuing education, and job-skill courses. Same phase-out as AOTC.
Have a specific situation?
Call the office and a human answers.
Common questions
- Can I claim both credits?
- Not for the same student in the same year. You can claim AOTC for one child and LLC for another in the same return.