No, there is no limit to the number of years in which a Lifetime Learning Credit may be claimed for each student as there is with the American Opportunity Tax Credit.
For example, an individual who enrolls in one college-level class every year would be able to claim the Lifetime Learning Credit for an unlimited number of years, provided the individual meets the income limits and is taking the classes at institutions that meet the eligibility requirements.
Is there a limit on the number of years in which a Lifetime Learning Credit may be claimed, as there is for the American Opportunity Tax Credit (formerly the Hope Scholarship Credit)?
Modified on: Sun, 5 Feb, 2017 at 6:30 PM
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