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Author: Bob78164 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121182  
Subject: Re: Lifetime Learning Credit Date: 2/28/2000 1:09 PM
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JRS3 writes (in part):

IRS Publication 970 states that the Lifetime Learning Credit is nonrefundable, but neither Form 1040 nor it's instructions say anything to that effect.

I reply:

The word "nonrefundable" doesn't mean that you can't get a refund of overwithheld taxes. It simply means that you can't use the credit to reduce your total tax due for the year below $0. Form 1040 probably has one of those "subtract line x from line y, but if the difference is less than zero, enter zero" statements, and that takes care of the mechanics. --Bob
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