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Nov 19, 2020Education Credit
You can qualify for an education credit if you paid the cost of higher education. It reduces the amount of taxes you owe on your return and could lead to a refund. There’s two education credits; the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). You can claim an education credit if […]
adminJun 14, 2018Lifetime Learning Credit
The Lifetime Learning Credit is one of two tax credits, along with the American Opportunity Credit, that help offset the costs of higher education. The Lifetime Learning Credit can reduce your tax burden, but it is not a refundable credit; which means that it cannot give you any money back in the form of a […]
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