2023-2024 Form

Instructions and help about Credit For Contributions To Certified School Tuition

[Music] hi mark kohler here let's talk about the tax credit for graduate school tuition now this is actually a very complex area of what credits are available for any sort of college tuitions expense so i'd like to get one big one right off the table now that's the american opportunity tax credit or hope credit that some of you have heard about before it's still valid and available but it's only for the first four years of attending college so not graduate students it's just going to be for the first four years of basic undergrad school so don't worry about the hope credit if you see anything like that or the american opportunity tax credit forget about it where we want to play is the lifetime learning credit the lifetime learning credit is where graduate students money is at it's a two thousand dollar tax credit now that's not a tax deduction it's actually a credit against any tax you owe which is pretty cool um it's non-refundable though so if you actually don't owe the irs money the