What is a dependent?A dependent is a qualified person other than the taxpayer or spouse, who gives the taxpayer the right to request a dependency exemption on their income tax return....
Posted by Income Taxes and Bookkeeping LLC on 02/10/2021
If you paid for college in the past year, you could claim the American Opportunity Credit or the Lifelong Learning Credit, or you can deduct tuition and fees. The American Opportunity...
Posted by Income Taxes and Bookkeeping LLC on 01/30/2021
In the previous years, people who paid for college qualify for the lifetime learning Credit, American Opportunity Credit, or the tuition deduction. The most valuable of these is the...
Posted by The TaxAdvocate Group, LLC on 01/30/2021
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
It could be puzzling to learn about the university lessons credit which could once in a while crush loads of human beings. You can either save the money which you acquire out of the...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 04/20/2018
