The American Opportunity Credit and the Lifetime Learning Credit are currently the two major education credits provided by the government to help students lessen the cost of higher...
Posted by Advanced Accounting & Tax Planning on 02/25/2020
The Lifetime Learning Credit and American Opportunity Tax Credit reduces the amount of tax you owe. Taxpayers could even qualify for a refund with AOTC should the credit be more than...
Posted by Carmen Garcia on 02/21/2020
If you've been handing out dollars left and right to pay for school, you may have some benefit on your taxes this season. The IRS has a few education tax credits for parents or students...
Posted by Valderas Financial Solutions LLC on 08/23/2017
There's no question that there are some really high quality tax credits based on tuition and other education deductions. While many people feel like they have a solid grasp on these...
Posted by RONNIE@RLDARDENCPA.COM on 06/07/2017
If you've been handing out dollars left and right to pay for school, you may have some benefit on your taxes this season. The IRS has a few education tax credits for parents or students...
Posted by CROMWELL & ASSOCIATES, LLC on 04/26/2017
There are multiple major tax credits for post secondary education that are made available by the IRS, but many tax payers get caught applying one or more of these credits at a time...
Posted by Martin Radensky on 04/05/2017
There's no question that there are some really high quality tax credits based on tuition and other education deductions. While many people feel like they have a solid grasp on these...
For most taxpayers, a tax refund is a windfall, a huge amount of money that could be used for many important purposes, but is paid in taxes only to be returned a few months later....
The following items are not included in income of taxpayer for a taxation year: Amounts declared to be exempt by legislation of the Parliament of Canada (s. 81(1)(a)) Amounts received...