Publication 970 |
2000 Tax Year |
Illustrated Example
Judy Green, a single taxpayer, is taking courses at a community
college to be recertified to teach in public schools. Her modified
adjusted gross income is $22,000. Her tax is $2,246. In July 2000 she
pays $700 for the summer 2000 semester; in August 2000 she pays $1,900
for the fall 2000 semester; and in December 2000 she pays another
$1,900 for the winter semester. Judy and the college meet all the
requirements for the lifetime learning credit. She can use all of the
$4,500 tuition she paid in 2000 when figuring her credit for her 2000
tax return. She figures her credit as shown on the filled-in Form 8863
on the next page.
Form 8863 for Judy Green
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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