HR 4072 · 105th Congress · Taxation
Higher Education Family Opportunity Act of 1998
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1998-06-17)
Plain Language Summary
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Higher Education Family Opportunity Act of 1998 - Amends the Internal Revenue Code to permit a deduction for qualified tuition and related expenses in lieu of the Hope and Lifetime Learning credits. Sets the deductible limit at $5,000 for 1999 and increases such limit by $500 annually until it reaches $10,000 for years 2009 and thereafter.…
Summarized by Claude AI · Non-partisan · For informational purposes only