what is the lifetime learning credit llc 
the lifetime learning credit llc is a provision of the u s federal income tax code that lets parents and students lower their tax liability by up to 2 000 to help offset higher education expenses unfortunately the llc is not refundable which means you can use the llc to pay the taxes you owe but you don t get a refund back of any of the credit according to the internal revenue service irs 1this credit may be claimed year after year without a limit however it cannot be combined with the american opportunity tax credit in the same tax year 1