The July 1, 1998 was a phase-in of the Lifetime Learning credit that only applied for the first year. It was one of those congressional budgeting devices to make the tax credits look less expensive. For 1999 and all subsequent years, the tax credit covers expenses incurred for the entire year. Anne Anne C. Gross Director, Policy Research and Analysis NACUBO 202-861-2544 agross@nacubo.org <http://www.nacubo.org -----Original Message----- From: Trombino, Ron [<mailto:TrombinR@devalcol.edu] Sent: Monday, January 03, 2000 1:39 PM To: bursar-l@virginia.edu Subject: Lifetime Learning Tax Credit Are expenses paid on or after January 1, 1999 eligible for the Lifetime Learning Tax Credit? If I remember correctly, last year eligible expenses for the Lifetime Learning credit were only expenses paid on or after July 1, 1998. Did this change for tax year 1999? Ronald Trombino Director of Student Accounts Delaware Valley College Doylestown, PA 18901