In the case of a taxpayer who is claiming a portion of the lifetime limitation of a dependent who is an eligible individual, the credit allowed under subsection (a) with respect to each dependent may not exceed $2,000 of the lifetime limitation of such dependent. (c) Qualified computer and education costs For purposes of this section, the term qualified computer and education costs means amounts paid or incurred for— (1) computers, printers, other education-related technology, and (2) education from an accredited academic institution, an organization described in section 501(c)(3) and exempt from tax under section 501(a), or an organization described in section 501(c)(4) on how to use such computers, printers, and technology. (d) Limitation based on adjusted gross income The amount of the credit allowed by subsection (a) (determined without regard to this subsection) shall be reduced by 5 percent of so much of the taxpayer’s adjusted gross income as exceeds— (1) $150,000 in the case of a joint return, (2) $112,500, or (3) $75,000 in the case of a taxpayer not described in paragraph (1) or (2). (e) Eligible individual The term eligible individual means any individual other than— (1) any nonresident alien individual, (2) any individual with respect to whom a deduction under section 151 is allowable to another taxpayer for a taxable year beginning in the calendar year in which the individual’s taxable year begins, and (3) an estate or trust. (f) Application of section This section shall only apply to qualified computer and education costs incurred by the taxpayer after December 31, 2019, and before January 1, 2032. . (b) Conforming amendments (1) Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting 36C, after 36B, . (2) The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item: Sec. 36C. Credit for computer and education costs. . (c)