Tag Archives: American Opportunity Credit

There are certain education credits which exist to help Americans afford higher education. These credits help with qualified higher education expenses, like tuition and course fees. Some higher education expenses such as boarding, meals, and transportation do not qualify for these credits. Furthermore, tuition paid for classes which don’t apply credit hours to the degree […]

Not everyone is required to file a tax return. Most people are, but for those who aren’t, it may still prove beneficial to do so anyway. If you’re not sure if you have to file a tax return, you should familiarize yourself with the rules before tax season approaches. Income, age, and filing status all […]

The IRS offers some tax breaks that can help you recover some of the money you spent on higher education, such as tuition costs or interest you’ve paid on student loans. This can help make your college education a bit more affordable in the long run. Tax Credits There are two different tax credits that […]

Parental Tax Credits

As a parent you may be eligible for additional tax credits. The IRS provides credits that are geared towards parents, these credit can help offset the cost or raising children and can help you save money at tax time. The credits below can be claimed on children who are considered dependents including children born in […]

Five Helpful Tax Credits

There aren’t many things that can make you happy when it comes to paying taxes. But tax credits can help brighten your day lower your tax liability, it is a good idea to be informed which credits you qualify for and how you can go about claiming them. By using tax credits you lower the […]

The time after graduation can be a tough one, financially. Starting out on your own, searching for a job, trying to pay back money you may have borrowed for school can all be quite stressful when it comes to managing a budget. Thankfully, there are a few tax breaks that recent college graduates can claim […]

Getting an education isn’t cheap, and far too many people have a hard time paying for their education. Thankfully, the federal government has developed two different tax credits that can help decrease the amount owed at tax time. These credits, The American Opportunity Credit and the Lifetime Learning Credit help taxpayers who incurred education related […]