Which of the following is not true of the lifetime learning credit?
A. It is a nonrefundable credit.
B. The credit can be claimed by taxpayers who have graduated from college and are taking professional training courses to improve their job skills.
C. A taxpayer with multiple dependents can claim a credit for each dependent's qualifying expenses.
D. The credit is subject to phase out based on the taxpayer's AGI.
Answer: C. A taxpayer with multiple dependents can claim a credit for each dependent's qualifying expenses.