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AOC & Hope Tax Credit

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    AOC & Hope Tax Credit

    Have a 32-year old client who is going back to school. AOC started in 2009, and I know that no credits have been taken then or since. That is as far as my records go back. However, Hope started in 1998 and was for 2 years of post-secondary school. Assuming the client may have taken that, does it matter? Or do you get 4 years AOC no matter what?

    #2
    Originally posted by Burke View Post
    Have a 32-year old client who is going back to school. AOC started in 2009, and I know that no credits have been taken then or since. That is as far as my records go back. However, Hope started in 1998 and was for 2 years of post-secondary school. Assuming the client may have taken that, does it matter? Or do you get 4 years AOC no matter what?
    Per Pub 970: Available ONLY for 4 tax years per eligible student (including any year(s) Hope
    scholarship credit was claimed)

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      #3
      I should have stated the TP is going back to school for a Masters as she has already graduated from college having attended 4 years. So AOC apparently is out. She can take LLC.

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