Education Tax Credits

If you paid higher education expenses during the tax year, you may be able to claim the education tax credits for part of your eligible expenses.

The hope education tax credit

The hope education tax credit is only available for expenses paid during the first two years of postsecondary education.

The lifetime learning tax credit

You may be able to claim the lifetime learning credit for an unlimited number of years.

Where to report education tax credits?

Both Hope credit and Lifetime learning credit are reported on line 50 of the form 1040 under Education credits. You may need to attach the tax form 8863 to claim your education tax credits.

Education Credit Rules

Gulf Opportunity Zone Tax Credit

Hope Credit

Lifetime Learning Credit

Which Education Credit to Choose?

How to Claim Education Credits?