The lifetime learning credit is only for a dependent who is in the first two academic years of post-secondary education.

The American Opportunity Tax Credit can be taken for any four years of education at an eligible education institution.

If certain conditions are met, a portion of the American Opportunity Tax Credit is refundable.

The Lifetime Learning Credit is up to $2,000 per eligible student.

What form is generally required to claim an education credit?

Identify the education credit to which each of the following rules applies: There must be no felony or drug conviction on the student's record.

Identify the education credit to which each of the following rules applies: Qualified expenses can be paid with gifts, inheritances or the proceeds of the loan.

Identify the education credit to which each of the following rules applies: The credit is available for the first four years of post-secondary education only.

Identify the education credit to which each of the following rules applies: The student must be pursuing a degree or other recognized educational credential.

Identify the education credit to which each of the following rules applies: The credit amount is up to $2,000 per return.

Identify the education credit to which each of the following rules applies: Qualified expenses can be expenses for an academic period that begins in the first three months of the year following the year of payment.

Identify the education credit to which each of the following rules applies: You cannot claim a credit if claimed as dependent on another's return.