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HOPE Scholarship Tax Credit

Updated: Jun 7, 2023

Federal legislation allows eligible postsecondary students or their parents to receive tax credit for 100% of the first $1,000 of tuition and fees and 50% of the second $1000 on their federal income tax

  1. Covers only the first two years of a student’s education.

  2. Covers only tuition and fees, not books, room, board or other expenses.

  3. Income must not exceed $40,000 (individual) or $80,000 (married filing joint). Tax credit is gradually decreased up to $50,000 ($100,000) modified adjusted gross income. Cannot claim a tax credit above $50,000 ($100,000).

  4. Student must register for at least 6 hours to be eligible.

  5. Student must be registered in a program leading to a degree, certificate, or other recognized educational credential.

  6. Tax is reduced by other types of financial aid, such as the Pell Grant.

  7. Lifelong Learning Credit may assist with the junior and senior year of college.

More information can be obtained at the following website:

You may also contact your local community college financial aid department for more information.


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