File Your Taxes Now » Lifetime Learning Credit

Back-to-School Tips for Students and Parents Paying College Expenses

Admin — Tue, 23 Aug 2011 10:18:35 +0000

For each student, you can choose to claim only one of the credits in a single tax year. However, if you pay college expenses for two or more students in the same year, you can choose to take credits on a per-student, per-year basis. You can...

Six Facts About the American Opportunity Tax Credit

Admin — Fri, 02 Oct 2009 00:39:14 +0000

Many parents and college students will be able to offset the cost of college over the next two years under the new American Opportunity Tax Credit. This tax credit is part of the American Recovery and Reinvestment Act of 2009.

Offsetting Your Education Costs

Admin — Fri, 15 May 2009 21:06:32 +0000

Education tax credits can help offset the costs of higher education for yourself or a dependent. The Hope Credit and the Lifetime Learning Credit are two education credits available which may benefit you. Because they are credits rather than deductions, you may be able to subtract them in full, dollar for dollar, from your federal income tax.