there are two kinds of education credit. the hope and lifetime learning credit. is there are limit in the number of students who can claim the hope credit in a tax year? please indicate the reference of your answers. thank you.|||To claim the Hope Credit you must have an eligible student. There is no limit to the number of eligible students a taxpayer can have for the Hope Credit.
IRS Pub 970 Tax Benefits for Education page 12.
http://www.irs.gov/pub/irs-pdf/p970.pdf
For the Lifetime Learning Credit, there is also no limit to the number of students, but there is a dollar limit of $10,000 of expenses per tax return.
Same publication as above, page 18.|||There isn't a limit in the number of students who can claim the Hope credit - if you are eligible, you can claim it. But there are more restrictions for the Hope than the Lifetime Learning credit - the Hope credit is only good for your first two years of post-secondary school.
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