Hope or Life Time Learning
Hi,
I am on H1B visa and my wife is on H4 VISA. She started working some time ago after we received her employment authorization card.
She finished her masters degree in India and currently taking some course in community college. I understand from your answers on the previous posts that we may be able to take the tax deduction on her tuition fee. However, I am confused over which credit should I apply for Hope or life time learning. Pub 970 says you can only get Hope credit for first tow years of post secondary education. Practically she is just enrolled in community college which is kind of post secondary but in India she has done masters.
Does it even matter if I take life time credit or Hope. Total tuitions we paid this year for her must be closed to $1600.
Another question does Hope credit gets me more refund or life time learning.
Look forward to haring from you all..
Thanks