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Hope Credit California

Qualified students or their parents can use the Hope Credit to offset more than a thousand dollars in education expenses.
1. Local Companies
2. Hope Credit
3. 2009 Stimulus Plan
4. Featured Local Company

1 . Local Companies

Indy Mac Bank
(818) 240-7870
1475 East Huntington Drive
Glendale, CA
Premier Bank of Glendale (proposed)
(949) 241-1291
589 Americana Way, Unit #305
Glendale, CA
Central Valley Community Bank -- River Park
(559) 447-3350
8375 N. Fresno
Fresno, CA
Westamerica Bank Shaw & First
(559) 243-4370
1172 E Shaw Ave
Fresno, CA
Bank of America Fashion Fair Branch
(559) 445-7350
590 E. Shaw
Fresno, CA
Bank of America Kerman Branch
(559) 846-9333
702 S. Madera Ave.
Kerman, CA
Bank of America River Park Banking Center
(559) 445-7320
7837 N. Blackstone
Fresno, CA
Bank of The Sierra
(559) 248-0112
636 E Shaw Ave
Fresno, CA
Bank of The West First/Herndon
(559) 435-2980
7062 N First St
Fresno, CA
Capital Source Bank
(559) 222-8443
776 E. Shaw Ave. #101
Fresno, CA

2 . Hope Credit

Looking for a way to make paying for college a little bit easier? The Hope Credit may be able to provide the financial relief you're seeking-- parents or independent students can reduce their tax bills by up to $1,650 per year if they qualify. The advantage of the Hope Credit is that it allows you to take a very generous percentage of your expenses as a credit against your tax bill, but eligibility requirements are quite stringent.

Hope Credit in a Nutshell
Every dollar you claim with the Hope Credit offsets your tax bill by a dollar--as opposed to a tax deduction which merely reduces your taxable income. However, if the credit exceeds your tax liability you can't receive the excess as a refund--if you don't earn enough to pay taxes you can't take advantage of the Hope Credit.

How much credit?
To calculate the credit, take 100% of the first $1,100 of qualified education expenses paid per eligible student, and 50% of the next $1,100 (to a maximum of $1,650 per student in 2006). The Hope Credit is subject to phase-out at certain income limits and becomes completely unavailable when your Modified Adjusted Gross Income (MAGI) exceeds $55,000 ($110,000 for joint return filing).

Who is eligible for the Hope Credit?
If you are responsible for footing the college expense bill, you can claim the Hope Credit on your tax return if you, your spouse, or your dependent is in the first two years of college and has enrolled at least half-time at an eligible education institution. Children who are no longer dependents should claim any education credits their own tax return.
When filing for the credit note the following restrictions:

 Married parents or married independent students must file their taxes jointly with
their spouses to claim the Hope Credit.

 If you're a student listed as dependent on anyone else's tax return, you cannot file
for the Hope Credit individually; your parents must claim the credit on their own tax
return.

 You can claim the Hope Credit or the Lifetime Learning Credit for an eligible student
in a tax year (not both). You cannot claim the credit for expenses you have deducted
elsewhere on your tax return, or for expenses that were paid by someone else (such as a
scholarship fund).

 Felonies or drug convictions on the student's record will disqualify him/her from Hope
Credit eligibility.

What are these 'qualified education expenses'?
Qualified education expenses include tuition fees and other mandatory costs (for example registration and student-activity fees). Books, supplies, and equipment are not qualified education expenses unless required in order for the student to enroll in or attend the institution. Room and board, insurance, student health

3 . 2009 Stimulus Plan

Starting in the 2009 tax year, under the American Recovery and Reinvestment Act (ARRA), more parents and students will qualify over the next two years for a tax credit, the American Opportunity Credit, to pay for college expenses.

The American Opportunity Credit is not available on the 2008 returns taxpayers are filing during 2009. The new credit modifies the existing Hope Credit for tax years 2009 and 2010, making the Hope Credit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student.

The full credit is available to individuals whose modified adjusted gross income is $80,000 or less, or $160,000 or less for married couples filing a joint return. The credit is phased out for taxpayers with incomes above these levels. These income limits are higher than under the existing Hope and Lifetime Learning Credits

Click here to read more from irs.gov

Click here for application form

4 . Featured Local Company

Indy Mac Bank

(818) 240-7870
1475 East Huntington Drive
Glendale, CA
Read more about Hope Credit

Regional Articles
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- Hope Credit Fullerton CA
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- Hope Credit Gardena CA
- Hope Credit Gilroy CA
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- Hope Credit Hanford CA
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- Hope Credit Healdsburg CA
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- Hope Credit Lake Forest CA
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- Hope Credit Loma Linda CA
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- Hope Credit Long Beach CA
- Hope Credit Los Alamitos CA
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- Hope Credit Los Banos CA
- Hope Credit Los Gatos CA
- Hope Credit Los Osos CA
- Hope Credit Lynwood CA
- Hope Credit Madera CA
- Hope Credit Malibu CA
- Hope Credit Manhattan Beach CA
- Hope Credit Manteca CA
- Hope Credit Marina CA
- Hope Credit Marina Del Rey CA
- Hope Credit Martinez CA
- Hope Credit Marysville CA
- Hope Credit Maywood CA
- Hope Credit Mckinleyville CA
- Hope Credit Menlo Park CA
- Hope Credit Merced CA
- Hope Credit Mill Valley CA
- Hope Credit Millbrae CA
- Hope Credit Milpitas CA
- Hope Credit Mira Loma CA
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- Hope Credit Mission Viejo CA
- Hope Credit Modesto CA
- Hope Credit Monrovia CA
- Hope Credit Montclair CA
- Hope Credit Montebello CA
- Hope Credit Monterey CA
- Hope Credit Monterey Park CA
- Hope Credit Moorpark CA
- Hope Credit Moraga CA
- Hope Credit Moreno Valley CA
- Hope Credit Morgan Hill CA
- Hope Credit Mountain View CA
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- Hope Credit Napa CA
- Hope Credit National City CA
- Hope Credit Nevada City CA
- Hope Credit Newark CA
- Hope Credit Newbury Park CA
- Hope Credit Newhall CA
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- Hope Credit Nipomo CA
- Hope Credit Norco CA
- Hope Credit North Highlands CA
- Hope Credit North Hills CA
- Hope Credit North Hollywood CA
- Hope Credit Northridge CA
- Hope Credit Norwalk CA
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- Hope Credit Oakdale CA
- Hope Credit Oakland CA
- Hope Credit Oakley CA
- Hope Credit Oceanside CA
- Hope Credit Ojai CA
- Hope Credit Ontario CA
- Hope Credit Orange CA
- Hope Credit Orangevale CA
- Hope Credit Orinda CA
- Hope Credit Oroville CA
- Hope Credit Oxnard CA
- Hope Credit Pacific Grove CA
- Hope Credit Pacific Palisades CA
- Hope Credit Pacifica CA
- Hope Credit Pacoima CA
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- Hope Credit Palmdale CA
- Hope Credit Palo Alto CA
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- Hope Credit Panorama City CA
- Hope Credit Paradise CA
- Hope Credit Paramount CA
- Hope Credit Pasadena CA
- Hope Credit Paso Robles CA
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- Hope Credit Perris CA
- Hope Credit Petaluma CA
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- Hope Credit Pittsburg CA
- Hope Credit Placentia CA
- Hope Credit Placerville CA
- Hope Credit Pleasant Hill CA
- Hope Credit Pleasanton CA
- Hope Credit Pomona CA
- Hope Credit Port Hueneme CA
- Hope Credit Porterville CA
- Hope Credit Poway CA
- Hope Credit Ramona CA
- Hope Credit Rancho Cordova CA
- Hope Credit Rancho Cucamonga CA
- Hope Credit Rancho Palos Verdes CA
- Hope Credit Rancho Santa Margarita CA
- Hope Credit Red Bluff CA
- Hope Credit Redding CA
- Hope Credit Redlands CA
- Hope Credit Redondo Beach CA
- Hope Credit Redwood City CA
- Hope Credit Reedley CA
- Hope Credit Reseda CA
- Hope Credit Rialto CA
- Hope Credit Richmond CA
- Hope Credit Ridgecrest CA
- Hope Credit Riverbank CA
- Hope Credit Riverside CA
- Hope Credit Rocklin CA
- Hope Credit Rohnert Park CA
- Hope Credit Rosamond CA
- Hope Credit Rosemead CA
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- Hope Credit Rowland Heights CA
- Hope Credit Sacramento CA
- Hope Credit Salinas CA
- Hope Credit San Anselmo CA
- Hope Credit San Bernardino CA
- Hope Credit San Bruno CA
- Hope Credit San Carlos CA
- Hope Credit San Clemente CA
- Hope Credit San Diego CA
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- Hope Credit San Fernando CA
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- Hope Credit San Gabriel CA
- Hope Credit San Jacinto CA
- Hope Credit San Jose CA
- Hope Credit San Juan Capistrano CA
- Hope Credit San Leandro CA
- Hope Credit San Lorenzo CA
- Hope Credit San Luis Obispo CA
- Hope Credit San Marcos CA
- Hope Credit San Mateo CA
- Hope Credit San Pablo CA
- Hope Credit San Pedro CA
- Hope Credit San Rafael CA
- Hope Credit San Ramon CA
- Hope Credit San Ysidro CA
- Hope Credit Sanger CA
- Hope Credit Santa Ana CA
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- Hope Credit Santa Clarita CA
- Hope Credit Santa Cruz CA
- Hope Credit Santa Fe Springs CA
- Hope Credit Santa Maria CA
- Hope Credit Santa Monica CA
- Hope Credit Santa Paula CA
- Hope Credit Santa Rosa CA
- Hope Credit Santee CA
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- Hope Credit Shingle Springs CA
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- Hope Credit Sonoma CA
- Hope Credit Sonora CA
- Hope Credit South El Monte CA
- Hope Credit South Gate CA
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- Hope Credit South Pasadena CA
- Hope Credit South San Francisco CA
- Hope Credit Spring Valley CA
- Hope Credit Stanton CA
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- Hope Credit Sun City CA
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- Hope Credit Sunland CA
- Hope Credit Sunnyvale CA
- Hope Credit Susanville CA
- Hope Credit Sylmar CA
- Hope Credit Taft CA
- Hope Credit Tarzana CA
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- Hope Credit Temecula CA
- Hope Credit Temple City CA
- Hope Credit Thermal CA
- Hope Credit Thousand Oaks CA
- Hope Credit Torrance CA
- Hope Credit Trabuco Canyon CA
- Hope Credit Tracy CA
- Hope Credit Truckee CA
- Hope Credit Tujunga CA
- Hope Credit Tulare CA
- Hope Credit Turlock CA
- Hope Credit Tustin CA
- Hope Credit Twentynine Palms CA
- Hope Credit Ukiah CA
- Hope Credit Union City CA
- Hope Credit Upland CA
- Hope Credit Vacaville CA
- Hope Credit Valencia CA
- Hope Credit Vallejo CA
- Hope Credit Valley Center CA
- Hope Credit Valley Village CA
- Hope Credit Van Nuys CA
- Hope Credit Venice CA
- Hope Credit Ventura CA
- Hope Credit Victorville CA
- Hope Credit Visalia CA
- Hope Credit Vista CA
- Hope Credit Walnut CA
- Hope Credit Walnut Creek CA
- Hope Credit Wasco CA
- Hope Credit Watsonville CA
- Hope Credit West Covina CA
- Hope Credit West Hills CA
- Hope Credit West Hollywood CA
- Hope Credit West Sacramento CA
- Hope Credit Westlake Village CA
- Hope Credit Westminster CA
- Hope Credit Whittier CA
- Hope Credit Wildomar CA
- Hope Credit Wilmington CA
- Hope Credit Winnetka CA
- Hope Credit Woodland CA
- Hope Credit Woodland Hills CA
- Hope Credit Yorba Linda CA
- Hope Credit Yuba City CA
- Hope Credit Yucaipa CA
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