| Credit Computation |
100% of first $1,200
50% of second $1,200
|
100% of first $2,000
25% of second $2,000
|
| Years Allowed |
First 2 years of post-secondary education |
First 4 years of post-secondary education |
| Income Phase Outs |
$48,000 to $58,000 (single)
$96,000 to $116,000 (joint)
|
$80,000 to $90,000 (single)
$160,000 to $180,000 (joint)
|
| Refundable |
No |
Yes, 40% of Credit up to maximum of $1,000 |
| Qualified Expenses |
Tuition fees & related expenses paid to an eligible educational institution as condition of enrollment at that institution. |
Tuition fees, related expenses, and course materials (books, supplies, equipment) whether or not they are purchased from an eligible institution. |
