Poppy Flower Monarch butterfly
Aerial photo of U.C.S.B campus point
Bicycles in bike racks

Taxpayer Relief Act of 1997

The Taxpayer Relief Act of 1997 includes a number of educational tax benefits that may have an impact on students and their families. The act includes the following sections that require the University to report information on students to the Internal Revenue Service:

  • Hope Scholarship Tax Credit: a nonrefundable credit equal (at the time of this printing) to a maximum of $1,650 in out-of-pocket qualified tuition and fee expenses paid by or on behalf of a student for two tax years during which the student is enrolled at least half time in the first or second year of postsecondary education leading to a recognized degree or certificate.
  • Lifetime Learning Credit: a nonrefundable credit equal to 20% of the $5,000 of qualified out-of-pocket tuition and fee expenses paid by or on behalf of a student enrolled in postsecondary coursework at the undergraduate or graduate level leading to a recognized degree or certificate or to improved job skills.

For more information about the Taxpayer Relief Act, refer to this website which services students at the University of California campuses: www.1098-T.com.