Lifetime Learning Credit - Carry forward
Answer:
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. ($104,000-$124,000 in 2012).
single, head of household or qualifying widower(s) filing status taxpayers phase out is between $53,000 and $63,000.
Married filing separately status are not allowed a Lifetime Learning credit.
The phase out for:
married taxpayers is Adjusted Gross Income between $107,000-$127,000. ($104,000-$124,000 in 2012).
single, head of household or qualifying widower(s) filing status taxpayers phase out is between $53,000 and $63,000.
Married filing separately status are not allowed a Lifetime Learning credit.
