Hope Education Credit

[tetra316 0]

Can any tax people help me out here - you can only use the credit for your first two years of undergrad right? Not for grad school, even if you've never used it before? At least that's what I think the publications say.

[chaosreins 0]

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Can any tax people help me out here - you can only use the credit for your first two years of undergrad right? Not for grad school, even if you've never used it before? At least that's what I think the publications say.

that's correct. this should give you some more information
http://www.nasfaa.org/AnnualPubs/TaxBenefitsGuide.html

if your modified adjusted gross income is more than $55,000 (if you file as single), you wouldn't be able to claim it either.

you might qualify for the lifetime learning credit, however, which does apply for grad school tuition.

[JAC 0]

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Can any tax people help me out here - you can only use the credit for your first two years of undergrad right? Not for grad school, even if you've never used it before? At least that's what I think the publications say.

Correct, but ...
You can take the lifetime credit which is 20% back on a max of tuition of $10,000. I spent about $12,000 on Grad school, and hence am getting 20% of 10K = $2,000 credit.