Hope Credit Amounts
Hope Credit (applies to each eligible student) |
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2007 |
2008 |
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Maximum Expenses Eligible : Maximum Credit |
100% of first $1,100 plus 50% in excess of $1,100 : maximum $1,650 |
100% of first $1,200 plus 50% in excess of $1,200 : maximum $1,800 |
Phaseout range (modified AGI)** |
$47,000 - $57,000 ($94,000 - $114,000 MFJ) |
$48,000 - $58,000 ($96,000 - $116,000 MFJ) |
* MFS filers not eligible.