Hope tax credit question

swimcatsmom
Tue, 20 Nov 2007 20:04:20 +0000

Thank you both. I had read the IRS tax publication - I was just hoping someone had expererienc of the Hope credit to make sure I am understanding it correctly. At first I was not sure he could claim it as it is technically the 3rd year he has gone to college (between being half time and dropping out for a while) but the way I read it is that as long as he is still a 2nd year student (ie has less than 60 hours ) he is still eligible as we have not claimed it in the past. He will have @ 50 hours by the end of the year.

He will be claiming the credit himself (well he does not know it yet). As he has been out of school a while and supporting himself we have not claimed him as a dependent in a while. We are retired and do not pay as much tax as he does so he will benefit more - and we do not provide half his support though we are helping him out now he is back at school.

Thanks or the responses - I was a bit slow to respond because my computer is acting up…