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Lifetime Learning Credit |
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Lifetime Learning Credit A federal initiative whereby a person is eligible for a non-refundable credit for a specific amount spent on higher education tuition and fees during the year. Notes: These fees can be for the person, his or her spouse, or his or her dependents.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The deductibility of health insurance premiums to small business owners is discussed, as are education expenses and the lifetime learning credit. He can also take advantage of the academic costs he is incurring by using the $2,000 Lifetime Learning Credit available to graduate students beyond the first two years of college or professionals attending classes parttime to improve or upgrade their job skills. UNDER THE NEW LAW ANY AMOUNT SPENT ON QHEE for which the taxpayer claims a Hope or Lifetime Learning Credit is not eligible for tax-free treatment as a QTP or education IRA distribution. |
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Lifetime Learning Credit
