Education Tax Credit Calculator
Estimate the American Opportunity and Lifetime Learning credits and the student loan interest deduction.
The American Opportunity phaseout stays at $80,000 to $90,000, or $160,000 to $180,000 joint. The student loan interest phaseout changes by year.
Estimate
$2,500.00
- American Opportunity credit
- $2,500.00
- Refundable portion
- $1,000.00
- Lifetime Learning credit
- $0.00
- Nonrefundable credits allowed
- $1,500.00
- Student loan interest deduction
- $1,500.00
- This estimate is calculated in your browser and is not sent to a server.
- The American Opportunity phaseout remains $80,000 to $90,000 ($160,000 to $180,000 joint). Enter expenses for at most three students, and do not also include those expenses as Lifetime Learning expenses.
Limits of this estimate
- Married filing separately is not estimated.
- Do not count the same expenses in both credits.
- This is educational information, not tax, legal, or accounting advice, and it does not file a return.