Tag Archives for " education credits "

Back to School Tax Credits

Are you, your spouse or dependent heading off to college?  If so, some of the costs you pay for higher education can save you money at tax time. Following are several important facts you should know about education tax credits:  American Opportunity Tax Credit  The AOTC can be up to $2,500 annually for an eligible […]

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Fact Sheet – Education Credits

  Taxpayers have two credits available to help offset the costs of higher education, by reducing their income tax. These credits are the American Opportunity Credit and Lifetime Learning Credit, also referred to as education credits.   The requirements for taking these credits depend on:   • the taxpayer’s filing status and AGI or MAGI […]

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