What is the maximum Lifetime Learning Credit for a married couple filing jointly with two eligible students?

The Lifetime Learning Credit is designed to help offset the costs of post-secondary education for students. For tax purposes, the credit is available for qualified tuition and related expenses paid for eligible students enrolled in higher education. As of the current tax guidelines up to October 2023, the maximum benefit per tax return for the Lifetime Learning Credit is capped at $2,000.

This means that regardless of the number of eligible students in a household, the maximum credit a married couple filing jointly can claim in a single year is $2,000. Therefore, if there are two students, the total benefit does not increase beyond this amount since the credit is based on qualifying expenses rather than the number of students.

The other options represent higher amounts, but they do not align with the established maximum for the Lifetime Learning Credit. Thus, the correct conclusion is that the maximum credit for a married couple filing jointly, regardless of having two eligible students, remains at $2,000.