Lifetime Learning Credit Amounts
Lifetime Learning Credit (applies to the family as a whole) |
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2007 |
2008 |
|
Maximum Expenses Eligible : Maximum Credit |
20% of first $10,000 : maximum $2,000 |
No Change |
Phaseout range (modified AGI)* |
$47,000 - $57,000 ($94,000 - $114,000 MFJ) |
$48,000 - $58,000 ($96,000 - $116,000 MFJ) |
* MFS filers not eligible.