Important Tuition Deduction Not On 1040 Form

<p>ebay.....</p>

<p>Depends on net expense. Lifetime learning credit is max $2,000 credit/tax return based on 20% of eligible expenses no matter how many student dependents on the return. Max Hope is $1650/student no limit of dependent deductions per return. Hope is only for FR. & Soph. status years. Likely scenario for high tuition paying, 2 child family is one Hope one Lifetime learning to max the credit. Again not simple, make sure to try all the combinations before finishing your return. Suggest paid preparer if not sure.</p>