grandmabee Posted February 2, 2012 Report Share Posted February 2, 2012 I thought tuition and Books, supplies also counted toward the life time learning credit but can't see where to put unless lump with tuition. New opp. credit has a separte line Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 4, 2012 Report Share Posted February 4, 2012 Put them together. Quote Link to comment Share on other sites More sharing options...
jainen Posted February 4, 2012 Report Share Posted February 4, 2012 >>I thought tuition and Books, supplies also counted toward the life time learning credit<< According to Pub 970, "books, supplies, and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance." The American Opportunity Credit allows them even if they are not bought from the school itself, but the Lifetime Learning Credit still does not allow most books and supplies. 1 Quote Link to comment Share on other sites More sharing options...
SCL Posted February 22, 2012 Report Share Posted February 22, 2012 i digress...but taking a shot at a lifetime tuition tax credit question for jainen: high school student (parent) pays for summer school community college credits...and receives a 1098T for $900. 20% lifetime tuition credit or not? my opinion is yes..but it is against all prior opinions i have read about what the meaning of "post secondary" education "is". Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted February 23, 2012 Report Share Posted February 23, 2012 Well here is my take on this. Post Secondary education is after high school. The summer school community college credits is in question. Is this higher education such as getting a jump start on college while still in high school? If so, then I agree on the education credit. I guess the AOC wouldn't apply as community college is not normally a bachelors program unless it is being used as the first two years in pursuit of a bachelors degree. It would be highly possible for a highly gifted student to be enrolled in both high school and college. So, why wouldn't the education credits apply? Quote Link to comment Share on other sites More sharing options...
SCL Posted February 23, 2012 Report Share Posted February 23, 2012 (edit) TD!...thanks for your response. more about my 20% lifetime tuition credit story...many high school districts offer paid tuition for students taking allowed community college credits while in high school (not what i'm talking about). this participation requires an accepted enrollment in the CC. any other CC enrolled credits (summer school or regular school year) taken and paid for by the high school student have generated a 1098T. my interpretation (subject to further review)...qualifying "post secondary" tuition expenses include payments made while enrolled in any CC or even a 4 year college/university...and not just tuition expenses paid AFTER high school graduation. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 23, 2012 Report Share Posted February 23, 2012 lion...thanks for your response. more about my 20% lifetime tuition credit story...many high school districts offer paid tuition for students taking allowed community college credits while in high school (not what i'm talking about). this participation requires an accepted enrollment in the CC. any other CC enrolled credits (summer school or regular school year) taken and paid for by the high school student have generated a 1098T. my interpretation (subject to further review)...qualifying "post secondary" tuition expenses include payments made while enrolled in any CC or even a 4 year college/university...and not just tuition expenses paid AFTER high school graduation. Disagree - POST means AFTER Secondary mean High School Quote Link to comment Share on other sites More sharing options...
jainen Posted February 24, 2012 Report Share Posted February 24, 2012 >>Secondary mean High School<< The regs are referring to the education, not the student. There is no requirement that you have to be a high school graduate to claim the Lifetime Learning Credit. However, the education must be part of a college degree program or to improve job skills. Most high school students would not qualify on this point except for Advanced Placement classes. Quote Link to comment Share on other sites More sharing options...
SCL Posted February 24, 2012 Report Share Posted February 24, 2012 >>Secondary mean High School<< The regs are referring to the education, not the student. There is no requirement that you have to be a high school graduate to claim the Lifetime Learning Credit. However, the education must be part of a college degree program or to improve job skills. Most high school students would not qualify on this point except for Advanced Placement classes. jainen...i took a quick look at TheTaxBook, Tab 12-1: Comparison of Educ Credits - (under) Lifetime Learning Credit "available for all years of post secondary education (as you say, and i agree, at a college institution and not whether the student is a high school graduate) and for courses to ACQUIRE or improve job skills." "student does not need to be pursuing a degree or other recognized education credential." Quote Link to comment Share on other sites More sharing options...
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