Lifetime Learning Tax Credit
Lifetime Learning Tax Credit
The Lifetime Learning Credit was established through the Tax Relief Act of 1997. The Lifetime Learning Credit can be claimed by students who pay qualified tuition and related expenses or persons paying qualified tuition and related expenses for an eligible student. The Lifetime Learning Credit cannot be used in conjunction with the Hope Credit for the same eligible student.
William Mitchell College of Law will furnish each eligible student with a 1098 T tax form for amounts billed as qualified tuition and related expenses during the 2007 calendar year. The 1098 T forms will be mailed to the students by January 31, 2008.
If students, or persons paying for students, have any questions about the Lifetime Learning Credit, you can access the IRS website from the following link. The page will also have links to other resources, including the IRS Publication detailing the Lifetime Learning Credit. Please note that William Mitchell College of Law does not offer tax advice.
If there are questions that we must answer, please contact Jenn Neumann in the Finance Office at (651) 290-6312. We hope to respond within 24-48 hours. Please also note that if someone else is filing the credit on the student’s behalf, written authorization must be on file with the Finance Office before the student’s account will be discussed with anyone other than the student.