Northern Virginia Community College
   

 

Income Limitations

  • An individual may not claim both the Hope Credit and Lifetime Learning Credit for the same student.
  • Neither the Hope Credit nor the Lifetime Learning Credit may be claimed in the same year that the student receives a tax-free withdrawal from an Education IRA.
  • The income limits are adjusted for inflation; you will need to refer to IRS Form 8863 to find correct AGI limits.

Links:

What you need to do
IRS Resources:
Hope Tax Information on the IRS Website
IRS Tax Information for Students
Tax Benefits for Education - Publication 970
IRS Form 8863 in PDF format       (Adobe Acrobat needed to read the forms)
National Association of Student Financial Aid Administrators
Back to main TAX Credit Information page
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   Northern Virginia Community College © 2004
   4001 Wakefield Chapel Road,
   Annandale, VA 22003-3723
   (703) 323-3000

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