Hope and Lifetime Learning Tax Credits


	Beginning in 1998, taxpayers may be eligible for tax credits for expenses they pay for post-secondary education for themselves and their dependent children. These tax credits can directly reduce the amount of federal income tax for returns filed in 2000 or later. The Hope Tax Credit is available on a per-student basis for the first two years of post-secondary education, while the Lifetime Learning Tax Credit applies on a tax-return basis and covers a broader time frame and range of educational courses. If you have additional questions about your eligibility for these education tax credits, you can call the Internal Revenue Service (IRS) at (800) 829-1040 or consult your tax advisor. Although the College of DuPage is unable to provide students and families with any tax opinions or advice, additional information on the Hope Tax Credit and Lifetime Learning Tax Credit may be found at the following web sites:
Top of page	Internal Revenue Service Choose 1998 Form 8863 Education Credits (Hope and Lifetime Learning Credits) Choose 1298 Publication 970 Tax Benefits for Higher Education American Association of Community Colleges U.S. Department of Education National Association of College and University Business Officers (NACUBO)
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