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Discussion:Education Credit
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Discussion Forum Index --> Tax Questions --> Education Credit
EckertCPA (talk|edits) said:
| 27 February 2006
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| Taxpayer obtained bachelor degree several years ago (before this credit was in existence). Taxpayer goes back to school to get a second bachelor degree. Based on number of hours, taxpayer would be a senior. Will taxpayer qualify for Hope Credit or must he/she utilize the Lifetime Learning Credit?
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Martineo (talk|edits) said:
| 27 February 2006
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| IN MY VIEW , HE IS NOT IN HER 2 FIRST YEARS . NO HOPE- USE LIFETIME
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Klesher (talk|edits) said:
| 28 February 2006
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| I say lifetime - not in first 2 years
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Inagpurwala (talk|edits) said:
| 28 February 2006
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| EckertCPA: As you indicated client is going for 2nd bachelor degree, HOPE is not available. You must use Lifetime learning credit.
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Busbuilder (talk|edits) said:
| 5 February 2007
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| If this person was in the first or second yaer, could you use the Hope credit for a 2nd bachelor degree?
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Bottom Line (talk|edits) said:
| 5 February 2007
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| Hope is for first two years of post-secondary education. Since they already have one Bachelors (assume four years to get it), they already have four years of post-secondary education. No Hope only Lifetime
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Rgtaxservice (talk|edits) said:
| 5 February 2007
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| First two years of Post-Secondary education does not translate into Post-Secondary-Post-Credit education. No Hope credit.
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