Hope Tax Credit - how many tax years?

Paying for College
1

<p>The info. from school says that the Hope Tax Credit is for the first two years of college.</p>

<p>Does this mean that parts of the credit can be claimed in three tax years (e.g. school years 09-10 and 10-11 are included in tax years 09, 10, 11)? Or, does it mean that is can be claimed in only two tax years?</p>

2

<p>Hope can only be claimed two tax years (per student). However the new tax credit, the American Opportunity tax credit (available for 2009 and 2010) is available for 4 years.</p>

3

<p>I wonder what will happen in tax year 2011, given that the government will likely need some money.
On the other hand, a benefit once given, is tough to take away politically.</p>

4

<p>Thanks swimcatsmom!</p>