Planning ahead: American Opportunity or Hope Credit?

<p>Thanks for the clarification about having to use fall 2010 as year 1 for taxes! We will see how many of the books, and how much of the extra tuition/fees (if any) for semester 2 we can squeeze in before the calendar year ends. </p>

<p>We had expected to pay for the two years at community college out-of-pocket. Since each semester would be roughly $2500 for tuition and fees, much of our expense would be covered by the various options for tax credits and deductions. That there is not so much to be recovered is truly a good thing, but it did leave me with a whole set of tax-related questions!</p>