The Consolidated Appropriations Act made changes to the Lifetime Learning Credit.
- Maximum credit of $2,000 per return (unchanged from 2021)
- Nonrefundable credit (reduces tax owed; does not increase refund)
- Phase-out range increased Modified Adjusted Gross income significantly
- Unmarried individuals
- Was $59,001 to $69,000 (2020)
- Now $80,001 to $90,000 (2021/2022)
- Married filing joint
- Was $118,001 to $138,000 (2020)
- Now $160,001 to $180,000 (2021/2022)
- Unmarried individuals
- Available for all years of post-secondary education for unlimited number of years
- Student does not need to be pursuing a degree; not required to be enrolled half-time