How many years can you claim the Hope credit?

four years
Taxpayers can claim the credit for up to four years of postsecondary education to reduce the costs of tuition and other eligible expenses.

Does being a full-time student affect tax credits?

You can get tax credits even if you are a full-time student. If you or your partner are working and have a fairly low income, you may get Working Tax Credit; however, in some cases you need to be aged 25 or over. Most student support income is ignored but some additional payments may count as income.

What was the Child Tax Credit for 2011?

The federal Child Tax Credit can provide a family up to $1,000 in tax assistance for each qualifying child under age 17. 2. Who is eligible for the Child Tax Credit? Have adjusted gross income (AGI) during 2011 below specified limits, depending on filing status and number of qualifying children (see Question 3).

Are there any refundable tax credits for college?

Only for the first four years at an eligible college or vocational school. For students pursuing a degree or other recognized education credential. Partially refundable. This means if the credit brings the amount of tax owed to zero, 40 percent of any remaining amount of the credit, up to $1,000, is refundable.

Who is eligible for tax credits for Education?

You pay some or all qualified tuition and related expenses for the first 4 years of postsecondary education at an eligible educational institution. You paid qualified expenses for an eligible student (defined below). The eligible student is you, your spouse, or a dependent you claim on your tax return.

Is the American Opportunity tax credit available for high school students?

Yes, as long as the high school student qualifies, the American opportunity tax credit (AOTC) is available.

How much do you have to pay for student tax credit?

There is no minimum enrollment requirement. The amount of your credit will be 20% of the first $10,000 of combined post-secondary tuition and fees you paid, totaling no more than $2,000 (per year, not per student).