Lifetime Learning credit partially limited in 2013 - carried forward to next year ?
Answer:
No. Any unused Lifetime Learning credit cannot be carried forward to future years. The phase out for married taxpayers is Adjusted Gross Income between $107,000-$127,000.
The phase out is between $53,000 and $63,000 for single, head of household or qualifying widower(s) filing status taxpayers. Married filing separately status are not allowed a Lifetime Learning credit.
The phase out is between $53,000 and $63,000 for single, head of household or qualifying widower(s) filing status taxpayers. Married filing separately status are not allowed a Lifetime Learning credit.
