Sentences with phrase «learning credit phase»

The education credit income limit for The American Opportunity Credit and the Lifetime Learning Credit phase out based on your modified adjusted gross income (AGI).

Not exact matches

J.W There are many deductions you can not take if you file married filling separate: Student loan interest deduction,Tax - free exclusion of US bond interest, Tax - free exclusion of Social Security Benefits, Credit for the Elderly and Disabled, Child and Dependent Care Credit, Earned Income Credit, Hope or Lifetime Learning Educational Credits, MFS taxpayers also have lower income phase - out ranges for the IRA deduction Also both claim the standard deduction or both itemize their deductions Big problem is tax liability goes to both husband and wife

But because the income phase - out range for this deduction is higher than for the Lifetime Learning credit, some taxpayers whose income is too high to benefit from the Lifetime Learning credit will benefit from this write - off.

But because the income phase - out ranges for this deduction are higher than for the Lifetime Learning credit, some taxpayers whose income is too high to claim the Lifetime Learning credit will benefit from this write - off.