Module 10: Education Credits
Taxpayers have two credits available to help offset the costs of higher education. This reduces their income tax. These credits are the American Opportunity Credit and Lifetime Learning Credit, also referred to as education credits.
The requirements for taking this credit depend on:
Taxpayers may claim a Lifetime Learning Credit of up to $2,000.
Tax Tutorial: Education CreditsLearn all about education credits.
Fact Sheet: Education CreditsPrint this fact sheet on education credits.
Simulation 10A: Claiming the American Opportunity Credit Take on the role of Jon Stillman and claim the American Opportunity Credit on your tax form.
Simulation 10B: Claiming the Lifetime Learning CreditTake on the role of Judy Hood and claim the Lifetime Learning Credit on your tax form.
Assessment: Education CreditsReview your understanding of education credits.
Check your understanding of Education Credits. Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
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