The American Opportunity and the LifeTime Learning Credits

 

Holloway Hall

Life Time Learning Credit - Determining Taxpayer  Eligible to Claim the Credit

Use these questions to determine who claims the Life Time Learning credit on the federal income tax return, regardless of who paid the expenses.

Does the student qualify as a dependent?
Will the taxpayer claim this student as a dependent on the taxpayer's federal income tax return?
Is the taxpayer who is claiming the student married?
Is a joint federal income tax return being filed?

Does the student qualify as a dependent?

Yes.
Proceed to the next question.
No.
The student is independent; only the student may claim the LLC.

Will the taxpayer claim this student as a dependent on the taxpayer's federal income tax return?

Yes.
Proceed to the next question.
No.
The taxpayer forfeits the right to the LLC if the student is not a claimed dependent.  Only the student may claim the Life Time Learning Credit.

Is the taxpayer who is claiming the student married?

Yes.
Proceed to the next question.
No.
Only the taxpayer may claim the LLC.

Is a joint federal income tax return being filed?

Yes.
Only the taxpayer may claim the LLC.
No.
The Life Time Learning Credit is forfeited.

Salisbury University is providing this information as a service to its students, but please keep in mind it is not an authority on taxation. Therefore, the University is not responsible for any misrepresentation of the IRS regulations. You should consult a tax advisor to determine if you qualify for the credit or for any other related questions.
Back to Top