in Education
663876
You'll need to sign in or create an account to connect with an expert.
No, do not answer "yes" to the American Opportunity/Hope Credit question if the only credit you have ever received is the Lifetime Learning Credit.
The American Opportunity Tax Credit is considered the successor to the old Hope Credit, and is limited to only being received in four tax years for any one student.
The Lifetime Learning Credit can be received for as many tax years as the student is able to qualify.
For more information, please see IRS Education Benefits Comparison Chart.
No, do not answer "yes" to the American Opportunity/Hope Credit question if the only credit you have ever received is the Lifetime Learning Credit.
The American Opportunity Tax Credit is considered the successor to the old Hope Credit, and is limited to only being received in four tax years for any one student.
The Lifetime Learning Credit can be received for as many tax years as the student is able to qualify.
For more information, please see IRS Education Benefits Comparison Chart.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
joeylawell1234
New Member
in Education
Hedavis1973
New Member
selbym
Level 2
in Education
catheco
Level 2
awpritzlaff
New Member
in Education