Which Tax Credits Can I Claim?

Do I qualify for the Hope tax credit?

In addition to the education tax credits tests, to qualify for the Hope tax credit, the student must meet all the requirements below:

• not claimed Hope credit for the past 2 years
• has not completed the first 2 years of postsecondary education.
• enrolled at least half time in a qualified program
• be free from felony conviction for possessing or distributing controlled substance.

Do I qualify for the Lifetime learning credit?

• credit not based on student's workload and allowed for more than one courses.
• any higher education expenses
• can claim for any number of years
• amount per return not per qualified students

Do I qualify for the Savers Credit?

A taxpayer with retirement contributions may be eligible for the Savers Credit. To qualify for Savers credit, the taxpayer must:

• have AGI of no more than $26,000 ($39,000 if Head of household, $52,000 if MFJ)
• at least 18 years old
• not claimed as dependent on another return
• not a full time student