Education Credits (Hope and Lifetime Learning Credits)

ICR 200410-1545-032

OMB: 1545-1618

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
40966 Migrated
ICR Details
1545-1618 200410-1545-032
Historical Active 200408-1545-016
TREAS/IRS
Education Credits (Hope and Lifetime Learning Credits)
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 10/19/2004
Retrieve Notice of Action (NOA) 10/19/2004
  Inventory as of this Action Requested Previously Approved
09/30/2007 09/30/2007 09/30/2007
15,510,487 0 15,510,487
8,252,221 0 9,489,708
0 0 0

Section 25A of the Internal Revenue Code allows for two education credits, the Hope credit and the lifetime learning credit. Form 8863 will be used to compute the amount of the allowable credits. The IRS will use the information on the form to verify that respondents correctly computed their education credits.

None
None


No

1
IC Title Form No. Form Name
Education Credits (Hope and Lifetime Learning Credits) 8863

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 15,510,487 15,510,487 0 0 0 0
Annual Time Burden (Hours) 8,252,221 9,489,708 0 -1,237,487 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
10/19/2004


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