The lifetime learning credit is 20% of the first $10,000 of qualified educational expenses (Sec
The lifetime learning credit is 20% of the first $10,000 of qualified educational expenses (Sec Lifetime learning credit. 25A(c)), for a maximum credit of $2,000 for any taxpayer; therefore, a taxpayer with multiple qualifying children is still limited to $2,000. As is the case for the American opportunity credit, eligible expenses do More Bonuses not …
