Sentence examples for hope credit from inspiring English sources

But you have to give Hal's Hope credit".

He owed no taxes, thanks to a Hope credit for education expenses.

American Opportunity replaces a similar tax credit provision called the Hope credit.

(If the parents had claimed Cyril as a deduction, they would not have qualified for the Hope credit because the family income is too high).

A Hope credit, for college freshmen and sophomores, is worth up to $1,500 a year, and the lifetime learning credit is worth up to $2,000.

But because he is a college freshman, they are able to claim a Hope credit, one of the two education credits Congress created in 1997.

The act established new education I.R.A.'s, effective this year, with an annual contribution limit of $500 for each child, as well as so-called hope credits to give middle-income families tax credits of up to $1,500 for expenses for the first two years of college and lifetime learning credits, initially equal to 20percentt of up to $5,000 of expenses.

The Senate plan also makes no mention of a House proposal to consolidate the three higher-education tax credits — the American Opportunity Tax Credit, Lifetime Learning Credit and Hope Scholarship Credit — into one benefit.

"Millions of Americans also take advantage of the three higher-education tax credits — the American Opportunity Tax Credit, Lifetime Learning Credit and Hope Scholarship Credit — that House Republicans want to consolidate.

"Next year, I hope the credit card industry will revise its punitive legislative proposal," Mr. Kennedy said.

The American Opportunity Credit, which replaced the less generous Hope Scholarship Credit, is available only for people pursuing an undergraduate degree.