Can a family claim the Hope Scholarship Credit and the Lifetime Learning Credit for the same individual?
No. A family may claim a Hope Scholarship Credit, Lifetime Learning Credit and an exclusion from gross income for certain distributions from qualified State tuition programs or education IRAs, but the same student cannot be used as the basis for each credit or exclusion. Also, the family cannot exceed the Lifetime Learning Credit maximum per family. back to top Are there any other resources that may be useful in answering questions regarding these tax credits?
