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employment as a teacher as opposed to personal expenditures made
for herself or made gratuitously for her students. She has not
provided any evidence that would substantiate an allowance of
itemized deductions in excess of those allowed by respondent.
Respondent's determination is sustained.
For eligible individuals, section 25A allows credits against
tax for qualified tuition and related expenses paid by the
taxpayer during the taxable year. The Hope Scholarship Credit
applies to 100 percent of so much of the qualified tuition and
related expenses paid by the taxpayer during the taxable year
(for education furnished to the eligible student during any
academic period beginning in such taxable year) as does not
exceed $1,000, plus 50 percent of such expenses so paid as
exceeds $1,000 but does not exceed the applicable limit. Sec.
25A(b). In order to be eligible for the Hope Scholarship Credit,
a student must be enrolled at least half time at an eligible
educational institution for any portion of the taxable year.
Sec. 25A(b)(2)(B) and (3).
The Lifetime Learning Credit is an amount equal to 20
percent of so much of the qualified tuition and related expenses
paid by the taxpayer during the taxable year (for education
furnished during any academic period beginning in such taxable
year) as does not exceed $5,000 in the case of taxable years
beginning before January 1, 2003. See sec. 25A(c). Section
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Last modified: May 25, 2011