The National Directory of Certified Public Accountants

Ask A CPA - Educational Tax Benefits

Lifetime Learning Credit Partially Limited In 2013 - Carried Forward To Next Year ?

No. Any unused Lifetime Learning credit cannot be carried forward to future years. The phase out for married taxpayers is Adjusted Gross Income between $107,000-$127,000. The phase out is between $53,000 and $63,000 for single, head of household or qualifying widower(s) filing status taxpayers. Married filing separately status are not allowed a Lifetime Learning credit.

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