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March 04, 2011 | 0 Comments

Know the facts before getting a credit card.

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Educational Tax Credits

March 02, 2011 | 0 Comments

By: BANKMODE.com Staff

If you’re working toward and education or sending a dependent through college, you may be eligible for education related tax credits. In order to encourage those with lower incomes, especially, to get as much education as possible, the government has put into place several education credits that can reduce taxes quite significantly.

Hope Scholarship

The Hope Scholarship is part of the Hope and Lifetime Learning Credit family. This scholarship is for students in their first two years of post-secondary school, whether they’re enrolled in four-year universities or certificate programs. This credit can be applied to tuition and related fees only, and can’t be used to cover housing or books. It’s a nonrefundable credit, but it can reduce the taxes of a student filing taxes independently or of parents upon whom the student is a dependent.

Lifetime Learning Credit

The Lifetime Learning tax credit is similar to the Hope Scholarship, but it’s available for students of any age and at pretty much any stage of schooling. This credit, too, is based on tuition...

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  • February 14, 2011 | 0 Comments

    Everyone knows that when it comes to investing, greater risks normally mean the likelihood of greater rewards, but how does this play into your retirement investing?
  • February 14, 2011 | 0 Comments

    With all the television commercials about life insurance today, itís hard to decide whether or not you need life insurance.

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Educational Tax Credits

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Bankmode.com relies on a variety of sources for the information it provides on the Site. This information includes, but is not limited to, the rates shown, whether the financial institution has deposit insurance, and the institution's policy on accepting customers and money. This information is provided to you in good faith based on the information available to Bankmode. Bankmode believes that the information is current and accurate but does not guarantee it. You should confirm how current the information is and the accuracy of any information with the financial institution.


Copyright © 2014 Informa Research Services, Inc. ("Informa"). While all attempts have been made to provide effective, verifiable information in this article, neither the author nor Informa assumes any responsibility for errors, inaccuracies, or omissions. You should always seek the guidance of a licensed professional before making any major financial decisions.

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