life time learning credit

[2018 e file]

the taxpayer's employer pays for the tuition directly to the university and the employer does not pay for any tuition does the employee still qualify for the lifetime learning credit

[IRonMaN]

Nope.

[2018 e file]

thank you that is what  i thought but if you research the lifetime learning credit on IRS website it says you qualify for the LLC if a third party pays for tuition cost would the employer be the third party

[IRonMaN]

You can't receive a tax free benefit and turn around and take a tax credit for it.  That's double dipping.  You can only double dip at the ice cream parlor. 🍨

[abctax55]

Methinks third party means grandpa/grandma.... not the boss.

[qbteachmt]

From: https://www.irs.gov/credits-deductions/individuals/qualified-ed-expenses

Expenses Cannot Be Paid with Tax-Free Funds

You cannot claim a credit for education expenses paid with tax-free funds. You must reduce the amount of expenses paid with tax-free grants, scholarships and fellowships and other tax-free education help.

From: https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit

Tax exempt funds include:

• The tax-free parts of scholarships and fellowships applied to qualified expenses
• The tax-free parts of a Pell grants applied to qualified expenses
• Employer-provided educational assistance
• Veterans' educational assistance
• Any other nontaxable (tax-free) payments (other than gifts, inheritances or CARES Act grants) received as educational assistance.