Lifetime Learning Credit

The Lifetime Learning Credit is a tax benefit that helps reduce the cost of higher education. If you or your dependents are enrolled in college or other approved courses to improve skills or advance your career, you may qualify. The credit provides a percentage of qualified tuition and related expenses, up to a certain limit, directly reducing your federal income tax bill. It is available for unlimited years as long as you meet the eligibility requirements, making it a valuable incentive to invest in ongoing education and professional development.