23
November
1997
|
18:00 PM
America/New_York

Tuition Deadline Extended for Tax Credit

PAYMENT DEADLINE EXTENDED SO STUDENTS CAN CLAIM TAX CREDIT

     COLUMBUS -- The Ohio State University is offering first and
second-year students who need to utilize their winter quarter
tuition and general fees for the Hope Scholarship Tax Credit the
opportunity to delay that payment until after the first of the
year.  This will allow them or their parents to claim the
payments on their 1998 federal tax returns under the newly
enacted Hope Scholarship federal tax program.

     The Hope Scholarship Tax Credit, proposed by President
Clinton and recently enacted by Congress as part of the Tax
Relief Act of 1997, takes effect on Jan. 1, 1998.  It provides up
to $1,500 a year in tax credits for the first two years of post-
high school education.

     The Jan. 1 implementation date makes this delay a one-time
need, said Brad Myers, senior associate registrar at Ohio State.