Hope Scholarship
A non-refundable tax credit subtracted from tax liability
Student must be in first 2 years of undergraduate study enrolled at least half-time
Maximum of $1,500 per year for 2 tax years
100% of first $1,000 expense, 50% of next $1,000 expense
Qualified expense is tuition/required fees less scholarships, grants, and tax-free educational assistance
Phased out for joint filers between $80,000 and $100,000 AGI; single filers between $40,000 and $50,000