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Taxonomy: Federal Education Tax Credit Information

Programs that provide information and guidance for eligible individuals who need assistance in determining whether they qualify for the federal Hope Scholarship Credit or the Lifetime Learning Credit, both of which allow individuals to take a tax credit for postsecondary education expenses. Education credits are subtracted from the individual's tax, but are non-refundable, i.e., the credit amount cannot exceed a family's tax liability, and no benefit is provided to families whose incomes are so low that they have no income tax liability.

Programs

No programs.