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What are the income eligibility requirements for claiming the Credits?

April 26, 2017claiming Credits eligibility income requirements

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What are the income eligibility requirements for claiming the Credits?

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The Hope Scholarship Credit or the Lifetime Learning Credit may be claimed by taxpayers having modified adjusted gross income up to $53,000 ($107,000 for married taxpayers filing jointly). The credit is gradually reduced for taxpayers who have modified adjusted gross income between $43,000 and $53,000 and between $87,000 and $107,000 for married taxpayers filing jointly. The credit is not available to married taxpayers filing separately.