What is the amount of Cynthia’s lifetime learning credit?
What is the amount of Cynthia’s lifetime learning credit?
What is the LLC worth? The amount of the credit is 20 percent of the first $10,000 of qualified education expenses or a maximum of $2,000 per return. The LLC is not refundable. So, you can use the credit to pay any tax you owe but you won’t receive any of the credit back as a refund. Dec 29, 2021