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  5. The Lifetime Learning Credit

The Lifetime Learning Credit

The Lifetime Learning Credit is a tax credit of up to $2,000 per tax return. The credit is available for:

  • All years of post secondary education
  • Courses to acquire or improve job skills
  • An unlimited number of years

A student does not need to be pursuing a degree or other recognized educational credential to receive the credit.

Students enrolled in an academic program at Duke will receive an IRS Form 1098-T indicating enrollment status and type of enrollment (graduate or undergraduate) during the calendar year. To claim either of the credits, IRS Form 8863 needs to be filed as a part of the taxpayer’s annual tax return.

IRS References: IRS Form 1098-T, IRS Form 8863, Publication 970 Tax Benefits for Higher Education