taxes - Hope Credit for second degree?

Discussion in 'Budget Board' started by jofo, Jan 20, 2008.

  1. jofo

    jofo Mouseketeer

    Sep 22, 2005
    I've read all the IRS forms + pubs and can't figure out the answer. I already have a bachelor's degree -- am now working on an associate's. I've NEVER claimed the Hope credit. I am technically in the first two years of my associate's degree -- so can I use the Hope credit? Or does the fact I already have a bachelor's from a different school count against me?

    The Hope credit would save me a lot on taxes over taking Lifetime learning of tuition/fees deduction, so I'm trying to figure out if I'm eligible.
  2. Cheshire Figment

    Cheshire Figment <font color=red><marquee behavior=alternate>Friend

    Jan 12, 2001
    No, you cannot use the Hope Tax Credit. It is limited to the first two years of post-secondary education. However, you are still eligible to use the Lifetime Learning Credit.

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