Lifetime of Education

Today TaxMama hears from Susan in the TaxQuips Forum with a quick question. “I am taking Career Step online transcription training. Can I receive the Lifetime Learning Credit?
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Dear Susan,

 Good for you.  That’s a good skill to develop.
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Yes, that training will qualify for the Lifetime Learning Credit.  You may also qualify for the American Opportunity Credit if this is among the first 4 years of secondary education or college you’ve had. Of course, you may only pick one of the credits.
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You can also read more about education benefits in IRS Publication 970.

And remember, you can find answers to all kinds of questions about education expenses and credits and other tax issues, free.
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Where? Where else? At www.TaxMama.com.

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