Hal is enrolled for one class at a local community college; tuition cost him $190. Hal's AGI is $20,000. Before considering a limitation due to tax liability, Hal can take a lifetime learning credit of:

Question

Quizplus · Accepted Answer

The Lifetime Learning Credit allows for a credit of 20% of qualified education expenses paid for all eligible students. Therefore, 20% of $190 is $38.

Hal Is Enrolled for One Class at a Local Community