Ace the Intuit Academy Tax Challenge 2025 – Unleash Your Tax-Savvy Superpowers!

Question: 1 / 400

How much is the maximum Lifetime Learning Credit a taxpayer can receive?

$1,000 per tax return

$1,500 per tax return

$2,000 per tax return

The maximum Lifetime Learning Credit a taxpayer can receive is $2,000 per tax return. This credit is designed to help offset the costs of post-secondary education, including tuition and related expenses, for eligible students enrolled in a college, university, or vocational school.

The Lifetime Learning Credit is non-refundable, meaning it can reduce a taxpayer's liability to zero but will not provide a refund. Additionally, the credit applies to an unlimited number of years, which is especially beneficial for individuals pursuing advanced or professional education. This amount allows for significant savings for students and families investing in education, making it a valuable resource for educational expenses.

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$2,500 per tax return

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