Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:appliesTo |
eligible educational institutions
qualified tuition and related expenses |
| gptkbp:canBe |
taxpayers, spouses, or dependents enrolled in eligible institutions
|
| gptkbp:canBeClaimedFor |
undergraduate, graduate, and professional degree courses
courses to acquire or improve job skills |
| gptkbp:cannotBeClaimedWith |
American Opportunity Credit for the same student in the same year
|
| gptkbp:compatibleWith |
nonresident aliens
married filing separately taxpayers claimed as dependents |
| gptkbp:country |
gptkb:United_States
|
| gptkbp:creditRate |
20%
|
| gptkbp:creditRateAppliesTo |
first $10,000 of qualified expenses per return
|
| gptkbp:formToClaim |
gptkb:IRS_Form_8863
|
| https://www.w3.org/2000/01/rdf-schema#label |
Lifetime Learning Credit
|
| gptkbp:introduced |
gptkb:Taxpayer_Relief_Act_of_1997
|
| gptkbp:introducedIn |
1997
|
| gptkbp:maximumCreditPerReturn |
$2,000
|
| gptkbp:maximumLoanAmount |
phased out for MAGI between $160,000 and $180,000 (joint filers)
phased out for MAGI between $80,000 and $90,000 (single filers) |
| gptkbp:refundable |
no
|
| gptkbp:subject |
adjusted gross income limits
filing status restrictions |
| gptkbp:website |
https://www.irs.gov/credits-deductions/individuals/lifetime-learning-credit
|
| gptkbp:bfsParent |
gptkb:student_loan_interest_deduction
gptkb:Form_8863 gptkb:United_States_federal_income_tax |
| gptkbp:bfsLayer |
7
|