College juniors, seniors, and graduate school students, as well as adults, who go back to school to change careers or upgrade their job skills, can utilize this tax credit. A family can receive a 20 percent tax credit for the first $5,000 of tuition and required fees minus grants, scholarships, and other tax-free educational assistance each year through 2002. It rises to 20 percent of $10,000 after the year 2002. The maximum credit is determined on a per-family basis, regardless of the number of post-secondary students in the family. It is phased out for joint filers who have between $80,000 and $100,000 of adjusted gross income, and for single filers who have between $40,000 and $50,000 of adjusted gross income. The taxpayer can claim a credit for his own, his or her spouse's, or dependent children's tuition expenses. It is possible, because of the class year of family members, for a family to receive both Lifetime Learning and HOPE Scholarship tax credits in the same year. Please visit the scholarship's website for more information.