Ask Experts Questions for FREE Help !
Ask
    Horribleivan's Avatar
    Horribleivan Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Apr 9, 2009, 05:18 AM
    Deductibility Hope Credit
    Deductibility Hope Credit
    Spouse has acquired her Masters, in 2008. At the beginning of 2008, she had completed one and a quarter of her time toward the degree. She has never attended a four year college.

    Tax returns are filed on a joint basis. No Hope Credit was ever taken in past years as it was advantageous tax-wise to use the Lifetime, but 2008 is an exception.

    The instructions for Hope credit uses the word "generally" which would indicate their might be exceptions to the general rule. I feel this is an exception and should be allowed. Am I correct?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Apr 9, 2009, 06:47 AM

    Double post. See:https://www.askmehelpdesk.com/taxes/...it-339422.html
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Deductibility Hope Credit [ 1 Answers ]

Spouse has acquired her Masters, in 2008. At the beginning of 2008, she had completed one and a quarter of her time toward the degree. She has never attended a four year college. Tax returns are filed on a joint basis. No Hope Credit was ever taken in past years as it was advantageous tax-wise...

College hope credit [ 1 Answers ]

If I understand correctly, the college hope credit is only available for the first 2 years of college. If my child attended a regular university for 3 years then continued her education at a culinary school for another 2 years, can we take the hope credit twice? Also, as far as deduction for...

Hope/Lifetime learning credit [ 1 Answers ]

I am in US since Aug 2002 on F1 (student) status and have filed the tax returns as nonresident alien from 2002 to 2006 tax years. Accordingly, I could not claim educational expenses. I graduated in May 2007 and was registered as a part-time student from Jan-2007 to May-2007. For the tax year...

Hope Credit [ 1 Answers ]

I started a college last year in the United States pursuing a 2 years Associate Degree, this is my first college education in the US. I paid tuition fees and was at least half-time student. Based on the first 2 statements, I would qualify for the Hope Credit. However, I still have some higher...

F-1 Tax regarding Hope Tax credit, Moving expenses [ 2 Answers ]

Hi, I was student on F1 (Indian Citizenship) during whole of year 2007. I also paid my tuition fees amounting to ~4000 dollars. Do I qualify for the tax credit ? I have looked up on the internet and haven't found IRS publications regarding my eligibility. From what I got to know from other...

View more questions Search