There are two nonrefundable tax credits for payments made for qualified tuition and related expenses for post-secondary education. You may be able to claim a Hope Credit of up to $1,500 for each eligible student. You may be able to claim a Lifetime Learning Credit of up to $2,000 for each family.
September 21, 2006
Hope & Lifetime Learning Credits
There are two nonrefundable tax credits for payments made for qualified tuition and related expenses for post-secondary education. You may be able to claim a Hope Credit of up to $1,500 for each eligible student. You may be able to claim a Lifetime Learning Credit of up to $2,000 for each family.
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