What is the Hope & Lifetime 1098T tax credit?
Under the Federal Taxpayer Relief Act of 1997, taxpayers may be able to take advantage of The Hope Scholarship Tax Credit Program and/or The Lifetime Learning Credit Program on their Federal Income tax return. The program has been designed by Congress to offer tax credits for qualified tuition and fee payments. Additional information can be found on web page http://www.ed.gov/inits/hope/ or by calling 1-800-4FED-AID. The IRS also provides information in IRS Publication 970 – Tax Benefits for Higher Education and on the IRS information telephone line 1-800-829-1040. Springfield Technical Community College is required by law to furnish every student with a 1098T form by January 31 of ach year. Please note – Springfield Technical Community College cannot advise you on any tax matters. You will need to contact the Internal Revenue Service or your tax consultant.
Related Questions
- How can I get more information regarding the Hope Scholarship Tax Credit and the Lifetime Learning Tax Credit?
- WHAT IS THE DIFFERENCE BETWEEN THE HOPE SCHOLARSHIP TAX CREDIT AND THE LIFETIME LEARNING TAX CREDIT?
- What is the American Opportunity Tax Credit (formerly known as the Hope & Lifetime 1098-T tax credit)?
