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dmd03k
New Member

Is the lifetime learning credit the same as the hope credit? I know I haven't had the Am opportunity credit, but I don't want to say "NO" to credits for lifetime learning

 
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1 Reply
LinaJ2018
Intuit Alumni

Is the lifetime learning credit the same as the hope credit? I know I haven't had the Am opportunity credit, but I don't want to say "NO" to credits for lifetime learning

No, the Lifetime Learning Credit is NOT the same as Hope Credit. 

The Hope credit, is available to taxpayers who have incurred expenses related to the first two years of post-secondary education.  The American Opportunity Tax Credit later modifies the Hope Credit to allow for four tax years per eligible student (including any year(s) Hope scholarship credit was claimed)

The Lifetime Learning Credit is benefit allowed to help pay for undergraduate, graduate and professional degree courses--including courses to acquire or improve job skills. 

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