Education Tips and Strategies Home Equity Can Provide Funds For Children’s EducationIf you’re looking for funds to finance a child’s education, your home equity may be the best bet.Who Gets The Credits?This article explains what happens when someone other than the one claiming the student as a dependent pays for the tuition.Electing Out of the Hope Credit - In order to maximize the benefit of the Hope credit, taxpayers may find it appropriate to elect out of the credit in certain years.Education Credits Can Be Claimed On An Amended ReturnUnder certain circumstances, education tax credit can be claimed on amended returns. If you missed taking these credits, you may qualify.Self-Employed Education TwistsSelf-employed taxpayers should consider their options carefully when it comes to applying tax benefits for their own education tuition and expenses. While the tax or legal information provided is based on our understanding of current laws, and has been gathered from sources believed to be reliable, it cannot be guaranteed. Federal tax laws are complex and subject to change. This information is not intended to be a substitute for specific individualized tax or legal advice and should only be relied upon when coordinated with individual professional advice. Neither FSC Securities Corporation, nor its registered representatives, provide tax or legal advice. As with all matters of a tax or legal nature, you should consult with your own tax or legal counsel for advice.