§ 25A(b), is available to taxpayers in the United States who have incurred education expenses.
For this credit to be claimed by a taxpayer, the student must attend school on at least a part-time basis.
[1] The credit is available for net tuition and fees (less grant aid) paid for post-secondary enrollment.
[3] The credit is subject to a limitation designed to reserve the benefit to low to moderate income taxpayers.
The credit amount for 2015 is phased out gradually once a taxpayer's modified adjusted gross income exceeds $55,000, and the credit is phased out entirely once a taxpayer's MAGI exceeds $65,000.