Education Tax Credit Calculator
Estimate American Opportunity or Lifetime Learning education credits after income phaseout.
Estimated education credit
$2,500
AOTC selected
Tax reduced by
$2,500
$0 refundable estimate
Credit before phaseout
$2,500
Allowed after MAGI phaseout
$2,500
Phaseout range
$80,000 - $90,000
Tax after nonrefundable credit
$3,700
AOTC is up to $2,500 per eligible student with up to 40% refundable. LLC is 20% of up to $10,000 of expenses. Eligibility details are simplified.