Return to top. Lifetime Learning credit Like the Hope Scholarship, this credit can be utilized if you meet income requirements. The credit can also be applied to graduate school. The ability to claim this benefit is determined by your adjusted gross income. Considerations Credit is available per family, not per student.
Qualified expenses are limited to tuition and fees.
Eligibility is limited by income restrictions. You can only reduce your tax liability to zero. If you are married, but file taxes separately, the credit cannot be claimed. Inc. All rights reserved.