Wednesday, October 21, 2009

Can I claim the Hope tax credit 2 years in a row?

I claimed it last year when I filed, but I think it only counted towards one quarter, the Fall quarter, of 2005 when I first started. I thought you could claim it only for the first two years but someone told me you can't do it twice in a row, so now I'm kind of lost. Thank you

Can I claim the Hope tax credit 2 years in a row?
You can claim the Hope credit in your first two years of college. So, yes, you can claim it two years in a row.





If you are beyond your second year of college, you can use the Lifetime Learning Credit instead.


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