Which of the following statements correctly reflects the treatment of felony convictions under the education credits?

The treatment of felony convictions regarding education credits is quite distinct in the context of tax law. Neither the American Opportunity Credit nor the Lifetime Learning Credit disallows or considers felony convictions in their eligibility criteria. This means that having a felony conviction does not automatically preclude someone from claiming these educational credits.

Both credits focus instead on other factors such as enrolled student status, qualified education expenses, and the student's enrollment in an eligible educational institution. Therefore, irrespective of a felony conviction, an individual can still qualify for either credit provided they meet the necessary requirements related to their education.

The assertion that neither credit considers felony convictions highlights the inclusivity of these tax benefits regarding past legal issues, thereby enabling more individuals to benefit from educational opportunities regardless of their criminal history.