If the modified AGI of a married filing joint taxpayer exceeds $130,000 in 2016,the lifetime learning credit phases out completely.

Name: If the modified AGI of a married filing joint taxpayer exceeds $130,000 in 2016,the lifetime learning credit phases out completely.
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Quizplus · Accepted Answer

The phase-out range for the lifetime learning credit for married filing joint taxpayers in 2016 is $111,000-$131,000. If the modified AGI exceeds $131,000, the credit will phase out completely. Therefore, the statement is true.

If the Modified AGI of a Married Filing Joint Taxpayer