Lifetime
Learning
Students beyond their first two years of college may be eligible to claim the Lifetime Learning Tax Credit.
Tuition and lab fees paid with a Pell Grant, Ohio Instructional Grant, Ohio Student Choice Grant, employer-provided educational assistance or other tuition-specific, tax-free scholarship, do not qualify for the tax credit.
Student loans are treated as cash payments for purposes of the Lifetime Learning tax credit.
For more detailed information regarding this tax credit, please contact your tax advisor. |