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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 28, 2018Tuition and Fees Deduction
The tuition and fees deduction allows you to deduct up to $4,000 of qualified educational expenses from your adjusted gross income. Qualifying expenses include tuition and fees for enrollment at an eligible institution for higher education that you paid for your own education, that of a spouse, or of a dependent. Personal, living, or family expenses, such […]
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