If you are interested in learning more about the OMG and membership in the OMG, you've come to the right place! Read on for a short description of the OMG, what we're doing and how to become a member. If you are looking for more detail on our technologies and technology process, please refer to the OMG Site Map page. To fill out a Membership Application Form, click here.
One other good aspect of the Hope Scholarship is that the tax credit is partially refundable. If the taxpayer does not have sufficient tax liability to fully offset the tax credit, up to 40% of the amount of the tax credit may be refunded to the taxpayer.
The education tax credits are calculated on IRS Form 8863. The Hope Credit is a tax credit for college students in their first two years of college. It provides a tax credit of up to $1,800 on the first $2,400 of college tuition and fees.he Tuition and Fees deduction reduces taxable income. The Hope Credit and Lifetime Learning Credit, however, provides a tax credit based on a percentage of your qualified college expenses.