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 2001 she pays $700 for the summer 2001 semester; in August 2001 she pays $1,900 for the fall 2001 semester; and in December 2001 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 2001 when figuring her credit for her 2001 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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