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She has conducted in-depth research ... area. ... The Hope Scholarship Tax Credit was a nonrefundable higher education tax credit that was replaced in 2009 by the American Opportunity Tax Credit....
Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. ... Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area. ... The Hope Scholarship Tax Credit was a nonrefundable higher education tax credit that was replaced in 2009 by the American Opportunity Tax Credit.Qualifying students could claim this tax credit for their first two years of postsecondary education. The Hope and other lifetime learning credits were enacted to encourage higher education and provide a measure of tuition reimbursement for parents or students who are paying college tuition and fees.Recipients could use the Hope Credit for tuition and fees and for certain other expenses, such as books. Room and board, medical expenses, and insurance did not qualify. As of 2025, the maximum AOTC credit is $2,500. Any individual who incurs qualifying educational expenses can claim the credit. Qualifying educational expenses include tuition and fees. For example, parents who pay tuition and fees for their children can claim this credit on their tax returns, subject to certain income restrictions.According to the IRS, a qualified educational expense includes tuition paid to the school and expenses for books, supplies, and equipment that may have been bought from external sources. These expenses qualify if taxpayers use student loans to pay for them but not if they use scholarships, grants, or funds from a 529 savings plan. The Hope Credit has been succeeded by the American Opportunity Tax Credit.
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The Hope Florida Foundation’s $10M transfer is under scrutiny, risking its 501(c)(3) status, taxes and charity credibility amidst legal concerns.
The board’s decision to ignore the $10 million transfer, experts say, could jeopardize the tax-exempt status of the state-created Hope Florida Foundation, an IRS-recognized 501(c)(3) headquartered in the Department of Children and Families to assist first lady Casey DeSantis’ top initiative, Hope Florida.Goldman said that the “slap-on-the-wrist” punishment from the IRS would be to tax the organization — the Hope Florida Foundation — for all the money it overspent on lobbying at 25%, which is higher than the corporate tax rate of 21%.“If the [charity’s] activity exposes state coffers to the risk of an excise tax from the IRS, you have to begin to question whether or not its existence is justified,” said a Republican lawmaker probing the Foundation’s spending.After an expert told the Herald/Times that a charity like the Foundation could be heavily taxed on money diverted to a political campaign, which the IRS views as lobbying, Andrade said he was concerned about the Foundation being a liability to the state.
A group of Republicans and Democrats is proposing a one-year extension of tax credits that help people afford health insurance under the ACA.
Bill would extend subsidies that help make Affordable Care Act health insurance plans cheaper. Eleven Republicans, four Democrats sign on as co-sponsors.This week, Reps. Jen Kiggans (R-Va.) and Tom Suozzi (D-N.Y.) introduced the Bipartisan Premium Tax Credit Extension Act, which would continue the subsidies through 2026. Eleven Republicans and four Democrats have signed on as sponsors of that bill, which Punchbowl News first reported.Previously, there wasn’t a legislative plan for preserving the tax credits.
Shares opened higher on Tuesday, tracking overnight gains on Wall Street, amid growing expectations of the U.S. Federal Reserve's interest rate cut and market-friendly tax reform measures.
Kospi closes up 1.26% to hit yearlong high on investor-friendly tax policy pivot · Rate-cut hopes push gold past $3,600 for first time · Embrace crypto or else, Eric Trump, Dunamu CEO Oh Kyoung-suk warn at blockchain conference in Seoul · Seoul shares finish slightly higher on mixed sector performance ·A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Sept. 9. [YONHAP] Shares opened higher on Tuesday, tracking overnight gains on Wall Street, amid growing expectations of the U.S. Federal Reserve's interest rate cut and market-friendly tax reform measures.Seoul shares up for 3rd day on U.S. rate-cut hopeThe S&P 500 index went up 0.21 percent. Investors also welcomed the news that Finance Minister Koo Yun-cheol on Monday hinted at the possibility of revising the government's earlier proposal on the criteria for major shareholders subject to capital gains tax on stock transactions.
Introduced in 1997, the Hope tax credit was designed to help American families pay for college. The policy provides a 100% tax credit on the first $1,200 a household spends toward tuition and fees. It provides a 50% credit on the next $1,200 in expenditures. In 2007, the credit phased out between ...
Introduced in 1997, the Hope tax credit was designed to help American families pay for college. The policy provides a 100% tax credit on the first $1,200 a household spends toward tuition and fees. It provides a 50% credit on the next $1,200 in expenditures. In 2007, the credit phased out between $47,000 and $57,000 for single filers and between $94,000 and $114,000 for joint filers.Bulman and Hoxby (2015) provides causal estimates for the impact of Hope credit on college attendance. They use kinks in the phase in and phase out schedule to estimate those attendance effects. This MVPF estimate considers the MVPF implied by the kink in the tax schedule faced by independent filers near the start of the phase out region.Hendren and Sprung-Keyser (2020) estimate that the willingness-to-pay for the policy is $0.683. That figure is based on two components: 1) the increase in post-tax earnings for those induced to attend college due to the Hope credit, and 2) the quantity of individual tuition payments made by those induced to attend more college.The total willingness to pay is post-tax earnings net of tuition payments. ... The MVPF of this policy is 18.86. The 95% confidence interval is [-2.87,\infty]. For context, if the Hope credit had no effect on college attendance, we would expect the MVPF of this policy to be around 1 (the HOPE credit would simply be a tax cut that induced a muted behavioral response).
WASHINGTON, D.C. – In a letter to Network for Hope, a Kentucky-based tax exempt Organ Procurement Organization (OPO), Ways and...
WASHINGTON, D.C. – In a letter to Network for Hope, a Kentucky-based tax exempt Organ Procurement Organization (OPO), Ways and Means Committee Chairman Jason Smith (MO-08) and Oversight Subcommittee Chairman David Schweikert (AZ-01) are demanding documents and records related to allegations of improper Medicare billing, financial conflicts of interest, and unsafe practices.The request follows a damning Health Resources and Services Administration (HRSA) report finding officials at Kentucky Organ Donor Affiliates (KODA), one of two OPOs that merged and now constitute Network for Hope, encouraged hospital workers to perform organ recovery, despite signs of revival in patients. Due to these concerning reports, the Committee is investigating whether Network for Hope has engaged in Medicare fraud, improperly billed taxpayers for unallowable costs, or sought non-viable organs in order to recover tissue to be later sold for profit.Considering the increased number of organs recovered in 2023 and the increase in your acquisition and administrative costs that year, the Committee is concerned that your organization has received taxpayer funds through Medicare reimbursements for cases in which patients had high or improving levels of consciousness.” · You can read the full letter to Network for Hope here.The letter follows a public call for information, as well as ongoing reviews of the activies of other OPOs, as part of the Committee’s examination into whether these tax-exempt organizations are abiding by the existing laws and regulations that govern them.
The GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday rationalised the tax structure by moving most items from the 12% and 18% brackets to 5%.
GST 2.0: Tax cuts offer hope, but not a cure for Trump’s 50% tariff blow to exporters · ET Rise Trending Terms · Budget LiveRabo EquityAvanti FeedsBank Loan · Enter search text: X · Continue reading with one of these options: Limited Access · Free · Login to get access to some exclusive stories & personalised newsletters ·›GST 2.0: Tax cuts offer hope, but not a cure for Trump’s 50% tariff blow to exporters · Read Today's Paper · SECTIONS · GST 2.0: Tax cuts offer hope, but not a cure for Trump’s 50% tariff blow to exportersBy · Ashish Pandey · & Garima Bora · , ET OnlineLast Updated: Sep 04, 2025, 06:00:00 PM IST ·GST Council approves highest tax rate of 40% on these goodsWhile restructuring GST is a welcome move to increase purchasing power and offer temporary relief, experts emphasise that it alone cannot close the revenue gap.On September 3, 2025, the GST Council, chaired by Finance Minister Nirmala Sitharaman, rationalised the tax structure by shifting most items from the 12% and 18% brackets to 5%. It also scrapped the existing four-slab system, replacing it with just two rates—5% and 18%—while eliminating the 12% and 28% slabs.
Included in the tax holiday are ammunition and firearms. This is something that Ziadeh “Z” Farhat, the Firearms Manager at Green Acres Sporting Goods store in Jacksonville, said they are excited about. “We hope that it will increase business sales,” said Farhat.
For people in Florida who like to hunt, camp or fish, Christmas just came four months early. Less than 24 hours into the sales tax holiday, a local sporting goods store owner said he was already seeing increased buyer interest.Monday marks the first day of Florida’s new sales tax holiday geared towards hunting, camping and fishing supplies.For camping and hunting supplies, sales tax won’t apply if they fit within a certain price point.The sales tax holiday runs through December 31, 2025.
The Hope credit, provided by 26 U.S.C. § 25A(b), was available to taxpayers who have incurred expenses related to the first two years of post-secondary education. For this credit to be claimed by a taxpayer, the student must attend school on at least a part-time basis.
The credit can be claimed for education expenses incurred by the taxpayer, the taxpayer's spouse, or the taxpayer's dependent. Starting with tax year 2009, the Hope credit had been supplanted by the more generous American Opportunity Tax Credit.This credit allows for the first $1,200 in "qualified tuition and related expenses," as well as half of qualifying expenses between $1,200 and $2,400, to be fully creditable against the taxpayer's total tax liability. The maximum amount of the credit is $1,800 per eligible student. An eligible student must meet all of the following requirements to deduct the Hope credit:First, the credit will be lost if the student is convicted of a felony drug offense. Second, a taxpayer may not take both a Hope credit and a Lifetime Learning Credit or tuition and fees deduction for the same student in the same year. Third, a taxpayer may only take the credit during the first two years of post-secondary education.The credit amount is phased out gradually once a taxpayer's modified adjusted gross income exceeds $50,000 ($100,000 if filing jointly) and the credit is phased out entirely once a taxpayer's modified adjusted gross income exceeds $60,000 ($120,000 if filing jointly). According to Paulsen and Smart, the federal Hope tax credit gets its name from Georgia's merit-based scholarship program of the same name, HOPE (Helping Outstanding Pupils Educationally).
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Included in the tax holiday are ammunition and firearms. This is something that Ziadeh “Z” Farhat, the Firearms Manager at Green Acres Sporting Goods store in Jacksonville, said they are excited about. “We hope that it will increase business sales,” said Farhat.
For people in Florida who like to hunt, camp or fish, Christmas just came four months early. Less than 24 hours into the sales tax holiday, a local sporting goods store owner said he was already seeing increased buyer interest.Monday marks the first day of Florida’s new sales tax holiday geared towards hunting, camping and fishing supplies.For camping and hunting supplies, sales tax won’t apply if they fit within a certain price point.The sales tax holiday runs through December 31, 2025.
Hope Florida Foundation to amend tax return to show golf tournament raked in more donations than shown on its 990 tax form.
The problems with Hope Florida’s tax return underscores the financial challenges that have plagued the two-year-old foundation affiliated with First Lady Casey DeSantis.Ron DeSantis held a two-day golf tournament at a high-end resort in Panama City Beach last year to raise cash for the Hope Florida Foundation, the nonprofit associated with the First Lady that is under investigation. The May 2024 event at a resort that bills itself as the “true gem” of Florida’s Gulf Coast lost more than $17,000, according to the foundation’s delinquent federal tax return filed in April — six months past its due date.The event, it claims, was an “extraordinary success,” though by IRS rules it still lost money, even if the foundation’s 990 tax form is amended. The problems with Hope Florida’s tax return underscores the financial challenges that have plagued the two-year-old foundation and prompted state lawmakers this spring to launch an investigation into the charity, trumpeted by Ron and Casey DeSantis as way to help Floridians get off government assistance.Alex Andrade, R-Pensacola, said by email when he was told about how the group’s tax return was to be amended. Andrade used his House Health Care Budget Committee this spring to investigate the Hope Florida Foundation, which was used as a pass through for $10 million from the state’s Medicaid settlement.
CUMBERLAND – A tax stabilization agreement now under consideration by the Town Council would gradually phase in taxes paid on the redevelopment of the Ann & Hope Mill off Broad
A rendering for the redevelopment of the Ann & Hope Mill in Cumberland. ... CUMBERLAND – A tax stabilization agreement now under consideration by the Town Council would gradually phase in taxes paid on the redevelopment of the Ann & Hope Mill off Broad Street.I don't love tax stabilization agreements by and large because I don't think they're often done well. However, I also don't think we're ever going to get a $100M+ investment in Valley Falls without providing some type of incentive or protection to developers during the construction phase, particularly with how dramatically prices have increased over the last couple of years. Ultimately, I think if the Ann & Hope project goes through as proposed, it will in the long-term be a huge add to the tax base (which could provide relief to residential properties) and will spur people to utilize more local Valley Falls businesses, which is a win/win.Less than $350 in taxes per unit. How long till this redevelopment comes home to roost, when school enrollment increases, traffic increases and emergency services to the location increase. Hopefully the Town Council comes to their senses and realizes the developer needs the town more then we need them.According to the proposed TSA, the property owner shall provide annual reports to the town on progress toward complying with the provisions of the agreement, specifically a performance report on rehabilitation and/or improvements with evidence of final construction costs, status of stabilized tax payments, evidence of employment compliance, and overall financial well-being.
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Shares opened higher on Tuesday, tracking overnight gains on Wall Street, amid growing expectations of the U.S. Federal Reserve's interest rate cut and market-friendly tax reform measures.
Kospi closes up 1.26% to hit yearlong high on investor-friendly tax policy pivot · Rate-cut hopes push gold past $3,600 for first time · Embrace crypto or else, Eric Trump, Dunamu CEO Oh Kyoung-suk warn at blockchain conference in Seoul · Seoul shares finish slightly higher on mixed sector performance ·A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Sept. 9. [YONHAP] Shares opened higher on Tuesday, tracking overnight gains on Wall Street, amid growing expectations of the U.S. Federal Reserve's interest rate cut and market-friendly tax reform measures.Seoul shares up for 3rd day on U.S. rate-cut hopeThe S&P 500 index went up 0.21 percent. Investors also welcomed the news that Finance Minister Koo Yun-cheol on Monday hinted at the possibility of revising the government's earlier proposal on the criteria for major shareholders subject to capital gains tax on stock transactions.
All tax services are by appointment only · · Remember, you must use our automated scheduler · Call 201-468-8805 or · https://hopes.cascheduler.com · · Locations: Varies, see automated scheduler for locations and times · To volunteer, click here to apply ·
When meeting with HOPES staff, please bring proof of income for the most recent 4 weeks of work, such as pay stubs or a notarized letter from your employer. Proof of income is used for grant purposes. · Services: Free income tax preparation · Free filing of federal and state income taxes ·All tax services are by appointment only · · Remember, you must use our automated scheduler · Call 201-468-8805 or · https://hopes.cascheduler.com · · Locations: Varies, see automated scheduler for locations and times · To volunteer, click here to apply ·
Is it the American Opportunity Tax Credit or the Hope Credit? The American Opportunity Tax Credit has replaced the Hope Scholarship Credit and allows students to receive a tax credit for qualified education expenses. Learn more about the American Opportunity Tax Credit, its eligibility ...
Is it the American Opportunity Tax Credit or the Hope Credit? The American Opportunity Tax Credit has replaced the Hope Scholarship Credit and allows students to receive a tax credit for qualified education expenses. Learn more about the American Opportunity Tax Credit, its eligibility requirements, and how it can help you save on qualified education expenses.Because a tax credit reduces your tax bill dollar for dollar, this basically means Uncle Sam will give you up to $2,500 per year for each qualifying college student in your family. Unlike the prior Hope credit, which was available only for a student’s first two years of college, the American Opportunity Tax Credit can be claimed for the first four years of qualified post-high-school education.There’s also good news for some higher-income taxpayers: The new rules greatly expanded the number of families who qualify for the credit. The prior Hope credit was phased out for single taxpayers with Adjusted Gross Income (AGI) of more than $50,000 and it disappeared altogether at $60,000.For couples filing jointly, the prior Hope credit phased out between $100,000 and $120,000 of AGI. For 2024, the AOTC starts to decrease at $80,000 for single taxpayers and disappears at $90,000.
The American Opportunity Tax Credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first 4 years of higher education. You can get a maximum annual credit of $2,500 per eligible student.
The American Opportunity Tax Credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first 4 years of higher education. You can get a maximum annual credit of $2,500 per eligible student.If you received a Form 1098-T, this statement will help you figure your credit. The form will have an amount in Box 1 to show the amounts received during the year. This amount may not be the amount you can claim. For information on what amount to claim, see qualified education expenses in Tax Benefits for Education, Pub.You can only claim AOTC if you, your spouse (if filing jointly) and the qualifying student have a valid taxpayer identification number (TIN) issued or applied for on or before the return’s due date (including extensions).If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you.
Jyoti Jeetun, Mauritian Minister, is in India to discuss trade and economic cooperation. Discussions include the CEPA agreement, focusing on trade in goods and services. The double taxation avoidance agreement is also under review. Both countries are exploring trade settlements in local currencies.
We see Mauritius to be a bridge between India and Africa and it gives wider access to the continent of Africa," she said, adding that they hope to work together and tap into opportunities, given India's growing economy. About the tax treaty, Jeetun said the DTAA (double taxation avoidance agreement) was amended and there is a protocol in place, which has not been ratified yet.Hope to 'fine-tune' tax treaty with India soon: Mauritius minister Jyoti JeetunET OnlineLast Updated: Aug 28, 2025, 12:35:00 PM ISTMauritian Minister of Financial Services and Economic Planning, Jyoti Jeetun, is in India and had an interview with TOI, talking on several issues from trade to the tax treaty between the two countries.India tax treatyMauritius financial servicesCECPA trade agreementMauritius trade settlementseconomic planning Mauritiusdouble taxation avoidance agreementmoney laundering cooperationlocal currency tradefinancial crimesGovernment of India
Mecklenburg County voters will decide on a proposed one-cent sales tax in November.
