If you have more than one student eligible for the American opportunity credit or the Hope credit, you must claim the same credit for all eligible students. ... When you figure your taxes, you may want to compare the different education credits in order to choose the method(s) that gives you the ... It does not matter whether the expenses were paid in cash, by check, by credit card, or with borrowed funds.
|Title||:||Your Federal Income Tax for Individuals|
|Author||:||United States. Internal Revenue Service|