Education Tax Credit Calculator (AOTC & LLC)
Estimate the American Opportunity Tax Credit (up to $2,500) and Lifetime Learning Credit (up to $2,000) based on qualified expenses and income.
Your numbers
- American Opportunity Credit
- $2,500
- Lifetime Learning Credit
- $1,200
- Phase-out remaining
- 100%
- AOTC
- LLC
How the education tax credit calculator (aotc & llc) calculator works
AOTC = 100% of the first $2,000 plus 25% of the next $2,000 of expenses. LLC = 20% of up to $10,000. Both phase out between $80,000–$90,000 MAGI (single) and $160,000–$180,000 (joint).
Example
Using the default inputs (Qualified education expenses: $6,000; MAGI: $72,000; Filing status: Single / HoH), the calculator returns best credit of $2,500. Change any field above to see your own result and charts update instantly.
Good for these goals
Frequently asked questions
Can I claim both?
Not for the same student in the same year.
Is AOTC refundable?
Up to 40% (maximum $1,000) is refundable.
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Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.