Examlex
Which of the following statements is false?
Lifetime Learning Credit
A tax credit that helps defray the cost of post-secondary education by reducing the amount of tax owed on a return, dollar for dollar.
Felony Drug Conviction
A conviction for a drug-related crime that is classified as a felony, which can impact an individual's eligibility for certain benefits, employment, or licensing.
American Opportunity Tax Credit
A deduction for eligible educational expenses incurred for a qualifying student during the initial four years of post-secondary education.
Qualifying Expenses
Expenses that meet the criteria set by tax laws or other regulations for deductible or otherwise favorable treatment.
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