High school student and college classes

[Margaret CPA in OH]

A high school student is taking college level classes but not half time - smart kid - but I don't want to spoil the AO credit when the big money payouts begin. Is it appropriate to take Lifetime Learning until he is enrolled as at least half time student?

[Catherine]

I don't see why you cannot -- it says "lifetime" for a reason. Plus since not half-time not eligible for AO anyhow.

[gfizer]

I have utilized the Lifetime Learning Credit in the past for high school students enrolled in college classes. Shouldn't be a problem as long as the expenses are paid to an eligible institution.

[BulldogTom]

^{That brings up a question I had about AP classes. This is personal for me. My son is taking 7 AP classes this year. Cost us about $700 for the exams. If he successfully passes the exams, they will count for college credit towards his degree. Can they be taken for LLC? They are paid to the College Board, which I have no idea if it is an eligible institution or not.}

^Thanks

^Tom

^{Hollister, CA}

[kcjenkins]

Don't know for sure, but if you call them tomorrow [i just tried and they are closed now] at 212-713-8000 they should be able to tell you.

[SCL]

I don't see why you cannot -- it says "lifetime" for a reason. Plus since not half-time not eligible for AO anyhow.

thanks for reminding me about at least half time for parents and the non refundable aoc 2500 tax credit.

i hope i have this right...without nailing it down.

I have had several, independent students (under age 24) who qualified for the full time (one session/12 hours), 2500 aoc tax credit...?1500 tax credit and 1000 refundable credit.