Question
What’s the education credit income limit?
Answer
The education credit income limit for The American Opportunity Credit and the Lifetime Learning Credit phase out based on your modified adjusted gross income (AGI). The credits phase out over these AGI ranges:
- For the American Opportunity Credit the education credit income limit is as follows:
- Single, head of household, or qualifying widow(er) — $80,000-$90,000
- Married filing jointly — $160,000-$180,000
- The Lifetime Learning Credit phaseout for your modified AGI:
- Single, head of household, or qualifying widow(er) — $55,000-$65,000
- Married filing jointly — $111,000-$131,000
Related Resources
Student Dependent Requirements
Can you claim your child as a dependent if they are a full time student? Learn about dependent requirements and get tax answers from H&R Block.
Qualified Tuition Plans
What is a qualified tuition plan? Can it impact your tax return? Learn more about this type of savings account and get tax answers at H&R Block.
Do I Need to File a Tax Return?
Do you need to file taxes? Find out if the IRS requires you to file a tax return with the experts at H&R Block.
Missouri State Tax
Do you earn an income in Missorui? Learn more about Missouri state and income tax, with help from the tax pros at H&R Block.