Publication 970 |
2000 Tax Year |
Illustrated Example
Jim Grant, a single taxpayer, enrolled full-time at a local college
to earn a degree in computer science. This is the first year of his
postsecondary education. During 2000, he paid $1,600 for his qualified
2000 tuition, and he and the college meet all of the requirements for
the Hope credit. Jim's modified adjusted gross income is $32,000. His
income tax liability is $3,746. He figures his credit of $1,300 as
shown on the Form 8863 on the next page.
Form 8863 for Jim Grant
Note.
In Appendix A at the end of this publication there is an
example illustrating the use of Form 8863 when the Hope credit and the
lifetime learning credit are both claimed on the same tax return.
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