Should I claim the AOTC or Lifetime Learning Credit for 2026 or 2027 planning?
Use this education tax credit calculator to compare the American Opportunity Tax Credit and Lifetime Learning Credit. It screens student status, qualified education expenses, prior credit use, and income phaseouts to estimate which credit may fit better.
education tax credit calculator
Quick answer
The AOTC is often better for eligible undergraduate students in the first four years, while the Lifetime Learning Credit can fit graduate, part-time, or continuing education. Income limits and qualified expenses determine the final credit.
Also answers
- AOTC calculator
- Lifetime Learning Credit calculator
- tuition tax credit calculator
- Form 8863 calculator
Good fit when
- Choosing between AOTC and LLC
- Estimating education credit value
- Checking student and income eligibility
Have ready
- Student status and years of postsecondary study
- Qualified tuition and required fees
- MAGI, filing status, and prior AOTC use
Result you get
Recommended education credit and estimated credit amount.
How this calculation works
- Estimates eligible expenses for each credit type.
- Applies income phaseouts for the selected filing status.
- Compares the estimated credit amounts to suggest the larger benefit.
Common mistakes and caveats
- Qualified expenses and enrollment status affect eligibility.
- Income phaseouts can reduce or eliminate the credit.
FAQ
Can I claim both credits in the same year?
You can claim both if they apply to different students and you meet the rules.
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