Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

What's New This Year

Taxes and Credits

Lifetime Learning Credit Income Limits Increased

The MAGI threshold at which the lifetime learning credit begins to phase out is $53,000 ($107,000 for Married Filing Jointly). To claim the credit, the taxpayer's MAGI must be less than $63,000 ($127,000 for Married Filing Jointly).