I am currently a 2nd year student in college, so I know my parents can claim Hope Credit; however, last year they didn't claim Hope Credit. Are my parents allowed to claim last year's Hope Credit along with this year's? Is it possible to claim both Hope Credit together if I am still in my second year of college?
I'm hoping for a "yes" answer =) but if not... can someone give me some advice on what to do next? Thanks.
2007-03-19 11:33:15 · 2 answers · asked by n t 1 in Business & Finance ➔ Credit
If your parents could have claimed the credit last year and didn't, they can file an amended return for 2005, but can't take both for 2006.
2007-03-19 12:44:40 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Yes, and no. :)
They *cannot* add last year's Hope credit to this years. What they can do though, is file an amended tax return for last year.
2007-03-19 19:21:08 · answer #2 · answered by thekcins 1 · 0⤊ 0⤋