Below is information provided by our friends at the IRS: If you, your spouse or a dependent are heading off to college in the fall, some of your costs may save you money at tax time. Here are some tips on claiming an education-related tax credit on your federal tax return: American Opportunity Tax Credit.The AOTC is… Continue reading Back to School Education Tax Credits
Category: Education
8 Tax Savers for Parents
From IRS Tax Tips: Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. 1. Dependents. In most cases, you can claim your child as a dependent. This applies even if your child was born anytime in 2013.… Continue reading 8 Tax Savers for Parents