Lifetime Learning Credit 2021: Income Limit and Eligibility


Sstudents have the possibility to choose between two tax credits for higher education, with the U.S. Opportunity Tax Credit (AOTC) being the favorite of families with more than one child in school, while the Lifetime Learning Credit (LLC) is the one that is easiest to qualify for.

The downside to the LLC is that it is non-refundable, which means you can only use it for the taxes you owe but you don’t get any refunds. However, on the positive side, the Tax Service (IRS) has not set any limit on the number of times you can request the LCC.

2021 Lifetime Learning Credit: Eligibility

Students enrolled in undergraduate, graduate, or professional degree courses can apply for the LLC, with the IRS noting that filers must choose an eligible institution.

“An eligible educational institution is a school offering education beyond high school,” says the IRS.

“This is any college, university, trade school, or other post-secondary educational institution eligible to participate in a student aid program administered by the US Department of Education.”

Lifetime Learning Credit 2021: Income limit

For those filing a tax return in 2021, you can apply for the LLC in the event that you are single and have an adjusted gross income (MAGI) of $ 58,000 or less, while those whose MAGI exceeds $ 68,000 cannot apply for the credit. .

Meanwhile, for married people, you can claim the LLC if you have a MAGI of 116,000 or less, but you cannot claim if it is more than $ 136,000.

As for the 2021 tax year, those of you who are single can claim the LLC with a MAGI of $ 59,000 and those who are married can do so with a MAGI of $ 119,000 with limits set. at $ 69,000 and $ 139,000, respectively.


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