Lifetime Learning Credit

A federal initiative whereby a person is eligible for a non-refundable credit for a specific amount spent on higher education tuition and fees during the year.

These fees can be for the person, his or her spouse, or his or her dependents.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Credit union history — Credit unions are community based banks organized according to cooperative principles. In the early stages of development of a nation s financial system, unserved and underserved populations must rely on risky and expensive informal financial… …   Wikipedia

  • Education Credit — A type of tax credit available to students of a post secondary educational institution, such as a college or university. Education credits may be claimed by those who incur qualifying educational expenses, such as tuition and fees. Parents who… …   Investment dictionary

  • Hope Scholarship Credit — The Hope Scholarship Credit, provided by UnitedStatesCode|26|25A(b), is available to taxpayers who have incurred expenses related to the first two years of postsecondary education. For this credit to be claimed by a taxpayer, the student must… …   Wikipedia

  • Hope Credit — A nonrefundable education tax credit that can be claimed for students that have yet to complete two years of post secondary education. The Hope Credit may be taken for tuition and fees, but not room and board or books. The student incurring the… …   Investment dictionary

  • Tax credit — The term tax credit describes two different concepts:*The first is a recognition of partial payment already made towards taxes due. *The second is a state benefit paid to employees through the tax system, which has the effect of increasing… …   Wikipedia

  • History of credit unions — Credit unions are community based banks organized according to cooperative principles. In the early stages of development of a nation s financial system, unserved and underserved populations must rely on risky and expensive informal financial… …   Wikipedia

  • Bank of Credit and Commerce International — Infobox Defunct company company name = Bank of Credit and Commerce International company slogan = company type = fate = Liquidation Predecessor = successor = foundation = flagicon|UK London in 1972 defunct = 1991 location = flagicon|UK London… …   Wikipedia

  • IRS Publication 970 — A document published by the Internal Revenue Service (IRS) that provides information on tax benefits available to students and families saving for college. It explains the tax treatment for the most common forms of college funding types, such as… …   Investment dictionary

  • The Episcopal Academy — Infobox Private School background = #f0f6fa border = #ccd2d9 name = The Episcopal Academy motto = Esse Quam Videri ( To Be Rather than to Seem to Be ) established = 1785 type = Private religion = Episcopalian headmaster = L. Hamilton Clark city …   Wikipedia

  • Stella Maris College (Chennai) — This article is about a college in Chennai, India, for Stella Maris College in Sydney, Australia, see: Stella Maris College (Manly) Stella Maris College is a Catholic institution of higher education for women in Chennai, India. It is an… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.