What is the hope tax credit?

Answer The Hope tax credit reduces tax liability for taxpayers funding college education. This credit, also known as American Opportunity tax credit, has been expanded for 2009 and 2010 to include more e... Read More »

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What is the hope credit?

The Hope Credit is also known as the American Opportunity Tax Credit. It is applicable to many families who have a student in college and is one of many federal tax advantages available for those w... Read More »

What is the hope education credit?

The Hope credit is one of the tax benefits for higher education that includes the American Opportunity credit and the Lifetime Learning credit. The Hope credit is a U.S. federal tax credit that stu... Read More »

How Does the Hope Credit Work?

The Hope credit allows taxpayers to apply college expenses as a credit on federal income tax returns to reduce the amount of tax owed. A new requirement for the 2009 tax years was that at least on... Read More »

Is the hope scholarship a check or a credit?

Students who qualify for the HOPE Scholarship apply for this credit. The funds go to your school, and your account will show a credit. The scholarship is for Georgia residents who score the require... Read More »