Remember Those Education Tax Credits!
Posted By: Jennifer O'Neill // Aug 30, 2017
As back to school approaches, this is a good time to remind people of the tax benefits for education.There are two tax credits available to those who pay higher education costs for themselves, a spouse or a dependent.
The American Opportunity Credit (AOTC) – Worth a maximum benefit of up to $2,500 per eligible student.
The Lifetime Learning Credit (LLC) – Worth up to $2,000 per tax return, per year, no matter how many students qualify.
For more detailed information on these credits, contact your tax preparer or contact IRS Help for assistance.
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