Tag Archive: education credits

A primer of education tax breaks

Written by September 20, 2016

During this time of year many folks ask us about education credits. Here’s a “tax primer” on them. Education tax credits include the American Opportunity Tax Credit and the Lifetime Learning Credit. The American Opportunity Tax Credit can reduce your tax bill by up to $2,500 per student. Currently, the credit can be claimed for all four years of study,...

Read More...

Tags:

Category:

IRS reminds taxpayers about education credits

Written by November 19, 2014

With schools back in session, the IRS has issued a reminder to taxpayers not to overlook available tax credits for education expenses. Tax credits are applied directly against the income tax you owe. Two available credits: the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC can be up to $2,500 annually for an eligible student...

Read More...

Tags:

Category:

IRS reminds taxpayers about education credits

Written by October 3, 2014

With schools back in session, the IRS has issued a reminder to taxpayers not to overlook available tax credits for education expenses. Tax credits are applied directly against the income tax you owe. Two available credits: the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC can be up to $2,500 annually for an eligible student...

Read More...

Tags:

Category: