Archive for the ‘Education Tax Credit & Deductions’ Category.
August 23, 2020, 12:08 pm
The IRS does an excellent job at explaining and advising on the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC).
Whether it’s online, in-person, part-time or full-time, higher education can be expensive. The good news is there are tax credits that can help ...
Click here for more November 8, 2019, 12:00 am
The IRS does an excellent job at comparing and contrasting the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC).
There are two education credits that can help taxpayers with higher education costs: the American opportunity tax credit and the lifetime learnin...
Click here for more November 5, 2019, 12:00 am
If you pay for college in 2018, you may receive tax credits for education on your federal tax return. Even if you’re studying outside of the U.S. the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) may reduce the amount of tax you owe, but only the AOTC is...
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WASHINGTON ― With another school year just around the corner, the Internal Revenue Service today reminded parents and students that now is a good time to see if they will qualify for either of two college tax credits or other education-related tax benefits when they file their 2015 feder...
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If you, your spouse or a dependent are heading off to college in the fall, some of your costs may save you money at tax time. You may be able to claim a tax credit on your federal tax return. Here are some key IRS tips that you should know about e tax credits:
American Opportunity Tax Cr...
Click here for more August 26, 2014, 12:00 am
Are you, your spouse or a dependent heading off to college? If so, here’s a quick tip from the IRS: some of the costs you pay for higher education can save you money at tax time. Here are several important facts you should know about education tax credits:
American Opportunity Tax Cred...
Click here for more January 19, 2013, 12:00 am
Issue Number: IRS Tax Tip 2012-37
Inside This Issue Education Tax Credits Help Pay Higher Education Costs
Two federal tax credits may help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Credit and the Lifetime Lear...
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