Submitted By: Chuck
Answered: December 16, 2016 1:00 pm

My daughter is graduating from college in May 2017. I paid her tuition. Can I let her claim the lifetime learning credit?

Yes. If your income is too high to allow you to benefit from the credit, you can let your child use it. To do this, you must forego the dependency exemption you would otherwise have claimed for her.

advertisement
Tax Glossary

Points

Charges to the homeowner at the time of the loan. A point is equal to 1 percent. Depending on the type of loan, points may be currently deductible or amortized over the life of the loan.

More terms