If I contribute to the Alabama Higher Education 529 Fund, can I also claim a Hope Scholarship or Lifetime Learning Credit?
The beneficiary or the beneficiary s parent may claim a Hope Scholarship Credit or Lifetime Learning Credit for qualified tuition and related expenses, provided other eligibility requirements are met, but cannot use the same expenses to justify a tax-free distribution from a qualified tuition program. Talk to a tax advisor for more information, as the State of Alabama and Van Kampen do not provide tax advice.
The beneficiary or the beneficiarys parent may claim a Hope Scholarship Credit or Lifetime Learning Credit for qualified tuition and related expenses, provided other eligibility requirements are met, but cannot use the same expenses to justify a tax-free distribution from a qualified tuition program. Talk to a tax advisor for more information, as the State of Alabama and Van Kampen do not provide tax advice.
Related Questions
- If I contribute to the Alabama Higher Education 529 Fund, can I also claim a Hope Scholarship or Lifetime Learning Credit?
- Where can I get information on tax benefits for Higher Education like the Hope Scholarship or Lifetime Learning Credit?
- Can a family claim the Hope Scholarship Credit and the Lifetime Learning Credit for the same individual?
