The tax credit(s) for qualifying higher education expenses is

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The American Opportunity Credit and the Lifetime Learning Credit are both tax credits available for qualifying higher education expenses. The American Opportunity Credit is aimed at undergraduate students for their first four years of higher education, offering a maximum annual credit of $2,500 per student. The Lifetime Learning Credit is broader, applying to all types of post-secondary education (including courses to acquire or improve job skills), with a maximum credit of $2,000 per tax return. The Earned Income Credit, on the other hand, is designed to benefit low to moderate-income working individuals and families, and is unrelated to education expenses.

The Tax Credit(s) for Qualifying Higher Education Expenses Is