| If you are: |
 |
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an independent student |
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the parents of eligible dependent students |
THERE MAY BE TAX BENEFITS FOR YOU! |
These tax credits are designed to make a college education more accessible and more affordable for low and moderate-income families.
Tax Credits can mean a reduction of up to $1,500 in the amount of federal income tax that you owe. You cannot claim both the Hope Scholarship Tax Credit and the Lifetime Learning Tax Credit for the same student. Neither can be claimed
in the same year that your student receives a tax-free withdrawal from an Education IRA.
For more information click below.
Please note that Brazos is not a tax advisor. There are family income limitations, stringent rules and regulations that apply to the tax credits. You should check with your tax preparer or financial advisor to see if you qualify for
these tax benefits.