Lifetime Learning Credit

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)
• 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