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| HELPFUL INFORMATION | HOPE AND LIFETIME LEARNING CREDITS
For 2007, the amount of your Hope or lifetime learning credit is phased out (gradually reduced) if your modified adjusted gross income (MAGI) is between $47,000 and $57,000 ($94,000 and $114,000 if you file a joint return). You cannot claim an education credit if your MAGI is $57,000 or more ($114,000 or more if you file a joint return). This is an increase from the 2006 limits of $45,000 and $55,000 ($90,000 and $110,000 if filing a joint return). For any inquiry or quotation click below:
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Personal Exemption & Dependent Standard & Itemized Deductions
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| TAX LAW CHANGES - 2007 | ||||||||||||||
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