Hope Scholarship and Lifetime Learning Credit

These are tax credits used to help offset the costs of higher education.  Not all individuals qualify, but it’s important for you to consider the possibility which could reduce the amount of your income tax. 

Please refer to the Internal Revenue Service guidelines to determine if you may qualify for an educational credit.  The IRS web site is www.irs.gov and the IRS Helpline is

Student Loan Interest Deductions

This is a special deduction allowed for paying interest on a student loan used for educational purposes.  Check the IRS web site to determine if you qualify.

Note that these guidelines are subject to change and we suggest that you contact the Internal Revenue Service at www.irs.gov or call the IRS helpline at 1-800-829-1040 for more information.