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Can you claim a Hope Tax Credit for education purpose if you don't have a IRA?
Wiki User
∙ 14y ago
Hope tax credits and IRAs have nothing to do with each other.
So the answer is yes.
Wiki User
∙ 14y ago
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How do you claim hope scholarship on taxes?
Starting in 2009, the Hope Credit is now the American Opportunity Tax Credit. You can claim it by filing Form 8863 and attached to Form 1040.
Is hope credit a site that helps you to get to a credit score you hope for?
The Hope Credit is a tax credit for students enrolled in universities or higher education in a disaster area. It will not affect your credit score.
Is hope credit considered good?
Hope credit is a good tax credit for education. It�۪s to help your education with a tax credit. There are eligibility rules that you need to research in order to make sure you follow the requirements.
Are there tax incentives for going to school in 2009-10?
Yes on your 1040 income tax return you have several different types of benefits available for this purpose. Go to the IR.gov web site and use the search box for Publication 970 (2009), Tax Benefits for EducationWhat's NewAmerican opportunity credit. This new education tax credit (a modification of the Hope credit) is available for 2009 and 2010. The maximum credit per student is $2,500 (100% of the first $2,000 and 25% of the next $2,000 of qualified education expenses). The credit is available for the first 4 years of postsecondary education, and 40% of the credit is refundable for most taxpayers. The threshold at which this credit is reduced is higher than that for the Hope and lifetime learning credits. For 2009, the amount of your credit is gradually reduced (phased out) if your modified adjusted gross income (MAGI) is between $80,000 and $90,000 ($160,000 and $180,000 if you file a joint return). You cannot claim a credit if your MAGI is $90,000 or more ($180,000 or more if you file a joint return). For more information, see chapter 2.Eligibility for the Hope credit. For 2009, you can claim a Hope credit only if at least one eligible student is attending an eligible educational institution in a Midwestern disaster area and you do not claim an American opportunity credit for any other student in the same year.
Can you claim hope credit for Midwest disaster for 2008 and 2009?
Yes
What is education tax?
Education tax credits can help offset the costs of education. The American Opportunity (Hope Credit extended) and the Lifetime Learning Credit are education credits you can subtract in full from the federal income tax, not just deduct from taxable income.
do students get tax breaks and are they big tax breaks?
Students are eligible for education tax credits which can help cover some of the costs associated with being a student. There are two types of education tax credits: Hope Credit Extended and Lifetime Learning Credits.
Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?
No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST
What are the rules for claiming the Hope Credit on taxes?
"People that want to claim the Hope Credit on their taxes must follow the certain rules. It can only be done in the first two years of college, student must at least be a half time student, cannot be used for tuition that was paid for using scholarship funds, grants or employer money and the student must have no felony drug convictions."
What is the definition of pedagogical purpose?
relating to or befitting a teacher or education, now you have to look up befitting! JK befitting is suitable for a certain area or group of people, so the pedagogical purpose of speech in a classroom would have to be appropriate for the school environment. Hope this helped!
Can prism surveillance architecture be use for other purpose like education of stadistical analysis of some kind?
great question im no expert but i hope some answers, i dont think there are many real info on the media about the architecture of "it", i hope you get help GL.
What is an ambit claim?
An ambit claim is an extravagant initial demand made in the hope of an eventual counter-offer and compromise.
