what is the income limit for education credits
The Lifetime Learning Tax Credit allows students or the parents of dependent students to claim a credit for qualified education expenses paid for all students enrolled in eligible educational institutions, including the UW. This credit is nonrefundable.This credit lets taxpayers claim a maximum credit of $2,000 per taxpayer (20% of up to $10,000 paid in higher education expenses) for payments made in the calendar year.It is available to parents of dependent students or to students who are NOT claimed as dependents on their parents' federal tax return.he Lifetime Learning Tax Credit allows students or the parents of dependent students to claim a credit for qualified education expenses paid for all students enrolled in eligible educational institutions, including the UW. This credit is nonrefundable.