I’m working my way through college, and I’ve taken a few classes at the local community college. Do I qualify for any tax breaks?
You may qualify for the Hope Scholarship Tax Credit. Available since Jan. 1, 1998, the Hope Credit equals 100 percent of the first $1,100 paid for qualified tuition and fees, plus 50 percent of the next $1,100, for a maximum tax credit of $1,650 per year. The Hope Credit is available to eligible students in the first two years of college or vocational school.
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