Uncle Sam has offered two different alternatives for families trying to cope up with their educational expenses – the hope scholarship and lifetime learning credit. You cannot claim both the credits at the same time. You need to make a selection between them. There are different criteria for eligibility and you need to be careful when making your selection.
Firstly, remember that these are tax credits. They are not deductions, so they lower your tax liability. So whatever taxes you are required to pay on your tax return can be reduced by either of these tax credits. If your tax liability is lower than these tax credits, then you are allowed to use these credits only to the extent of zeroing your tax liability.
» Read more: The Hope Scholarship Or Lifetime Learning Credit Make the Right Choice
Are you a female athlete looking to play your sport at the college level? If so, I have good news for you! College women scholarships are plentiful and available to you if you have the talent and desire to play at the college level. Success in the college recruiting process is mostly up to you taking the right steps and finding the coach who can really use your athletic talents.
Once upon a time, college women scholarships were not that numerous and scholarships were available primarily in male sports. Title IX of 1972 changed all that. There are now as many or more college women scholarships available than scholarships in male sports. Scholarships are available in a vast array of college sports for female athletes. They include:
» Read more: College Women Scholarships – How You Can Be Recruited For Athletic Scholarships