Originally posted by xcasbonx

Originally posted by DR1665 IF YOU GO TO COLLEGE, WHETHER YOU ARE PAYING FOR IT RIGHT NOW OR NOT, YOU NEED TO LOOK INTO THE HOPE CREDIT AND LIFETIME LEARNING CREDIT BEFORE YOU FILE YOUR TAXES THIS YEAR. Lifetime Learning Credit is up to $2000 per year. http://www.irs.gov/publications/p970/ch03.html Hope Learning Credit is up to $1800 per year ($2400 if in a "Midwestern Disaster Area") http://www.irs.gov/publications/p970/ch02.html

Does this apply if you just recently graduated college? Say June of 08? Reason I ask is because Maria is about to get her taxes done. We already know about the student loan interest deduction.

It will apply, but you won't necessarily be eligible based on amount paid, amount of money made, etc.