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Please note: MIT and Student Financial Services will be closed Monday, February 17, for Presidents’ Day, and will open on Tuesday, February 18.

What is the lifetime learning credit?

The lifetime learning credit is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution. This credit can help pay for undergraduate, graduate, and professional degree courses — including courses to acquire or improve job skills. There is no limit on the number of years you can claim the credit. It is worth up to $2,000 per tax return. More info can be found on the IRS website.

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Tax forms and the 1098-T FAQs

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