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Kids and Education Credits

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    Kids and Education Credits

    Kids in high school are taking college courses during the summer or in the evening.

    They receive a 1098T.

    Obviously they do not qualify for the Hope Credit.

    Can the parents claim the Lifetime Credit for the kid?
    Jiggers, EA

    #2
    Eligible student

    Eligible student. The student must be an “eligible
    student” for at least one academic period that
    begins during 2007:
    • Enrolled in a degree, certificate, or other
    program leading to a recognized credential.

    Carrying at least one-half the normal full-time workload for his
    or her program as established by the school.
    • Not enrolled in an elementary or secondary school.
    A high school graduate who becomes an eligible student in the
    fall can use expenses for the entire year to claim the credit even
    though he or she was not an eligible student in the first part of
    the year.

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      #3
      Originally posted by Jiggers View Post
      Kids in high school are taking college courses during the summer or in the evening.

      They receive a 1098T.

      Obviously they do not qualify for the Hope Credit.

      Can the parents claim the Lifetime Credit for the kid?
      They would have to me a high school graduate-like Veritas posted.
      However, I don't read anywhere that they can't use the learning credit.

      Comment


        #4
        Life Time Learnig Credit Possible

        No full or half time restrictions or levle in school as Hope credit, no GED or HS diploma as Tution and Fees Deduction. No mention of other restrictions except pay tuition and fees at an eligiable institution. See TTB page 12-2 and pages 21-23 IRS Pub 970.

        Comment


          #5
          Originally posted by gkaiseril View Post
          No full or half time restrictions or levle in school as Hope credit, no GED or HS diploma as Tution and Fees Deduction. No mention of other restrictions except pay tuition and fees at an eligiable institution. See TTB page 12-2 and pages 21-23 IRS Pub 970.
          I agree. They are eligible for the Lifetime Learning Credit per the above references.
          Doug

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