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Lifetime Learning Credit

The Lifetime Learning Credit is a nonrefundable education credit of up to $2,000 per tax return. The credit is available for an unlimited number of years during which the taxpayer is receiving post-secondary education or for classes taken to improve job skills. The taxpayer does not need to be pursuing a degree or recognized educational credential in order to receive the Lifetime Learning Credit.

Print | posted on Monday, September 10, 2007 10:26 AM | Filed Under [ Glossary Terms ]

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