The American Opportunity Credit is available only for the first four years of postsecondary education. The Lifetime Learning Credit may be available for OP’s graduate study; this is 20% of the first $10,000 of qualified education expenses.
The American Opportunity Credit is available only for the first four years of postsecondary education. The Lifetime Learning Credit may be available for OP’s graduate study; this is 20% of the first $10,000 of qualified education expenses.