Asked by Sarah Elizabeth on Jul 04, 2024
Verified
A student can only receive the lifetime learning credit if he/she is enrolled in a degree program.
Lifetime Learning Credit
A tax credit that helps pay for undergraduate, graduate, and professional degree courses, including courses to acquire or improve job skills.
Degree Program
A course of study at a college or university that leads to the attainment of a specific academic degree, such as a bachelor's or master's degree.
- Outline the eligible educational expenses for tax credit purposes.
Verified Answer
VD
Valerjr DotvenJul 10, 2024
Final Answer :
False
Explanation :
A student does not have to be enrolled in a degree program to be eligible for the lifetime learning credit. They can be enrolled in any course to acquire or improve job skills.
Learning Objectives
- Outline the eligible educational expenses for tax credit purposes.
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