Federal Education Tax Credit Information

Submitted by superadmin on Thu, 12/29/2022 - 11:50pm
Definition
Programs that provide information and guidance for eligible individuals who need assistance in determining whether they qualify for the federal Hope Scholarship Credit or the Lifetime Learning Credit, both of which allow individuals to take a tax credit for postsecondary education expenses. Education credits are subtracted from the individual's tax, but are non-refundable, i.e., the credit amount cannot exceed a family's tax liability, and no benefit is provided to families whose incomes are so low that they have no income tax liability.
URL Name
DT-8700-2000-250
Third Level Code
DT-8700
Taxonomy Code
DT-8700.2000-250
Parent Code
DT-8700.2000
Family Code
D
Second Level Code
DT
Fifth Level Code
DT-8700-2000-250
Fourth Level Code
DT-8700-2000
Use References
Hope Credit, Hope Scholarship Credits, Lifetime Learning Credit, Federal Hope Credit, Federal Lifetime Learning Credit
Publication Status
Draft