Education Planning

American Opportunity and Lifetime Learning Credits Education credits 2021 2022 Maximum American Opportunity credit $2,500 $2,500 Maximum Lifetime Learning credit $2,000 $2,000 MAGI phaseout range for American Opportunity credit 2021 2022 Single--phaseout threshold amount $80,000 $80,000 Single--completed phaseout amount after $90,000 $90,000 Married filing jointly--phaseout threshold amount $160,000 $160,000 Married filing jointly--completed...

American Opportunity and Lifetime Learning Credits Coverdell education savings accounts Deduction for qualified higher education expenses Deduction for student loan interest Gift tax exclusion Kiddie tax All investing involves risk, including the possible loss of principal,...