H.R. 1957 would amend the Internal Revenue Code of 1986 to provide a higher education tuition credit in place of existing education tax incentives.
Detailed Summary
Helping Families Afford Tuition Act - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with an income-based tax credit for 50% of qualified tuition and related expenses, up to $10,000, for attendance at an institution of higher education. Repeals the tax deduction for qualified tuition and related expenses.
Status of the Legislation
Latest Major Action: 4/2/2009: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
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