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What happens if my beneficiary already has the Hope Scholarship Lifetime Learning credits? Can they still benefit from a 529 Plan?

April 26, 2017Beneficiary benefit Credits happens Hope Plan scholarship

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What happens if my beneficiary already has the Hope Scholarship Lifetime Learning credits? Can they still benefit from a 529 Plan?

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You can use either the Hope Scholarship or Lifetime Learning credit in the same year you take a qualified distribution from a 529 Plan as long as the qualified distribution is not used for the same expenses for which the credit was claimed.