Tag Archives: American Opportunity Credit

Tax Credits Help Offset Higher Education Costs

The following article was published by the IRS. Taxpayers who pay for higher education in 2018 can see tax savings when they file their tax returns. If taxpayers, their spouses or their dependents take post-high school coursework, they may be … Continue reading

Posted in American Opportunity, Education, IRS, Lifetime Learning, Personal Taxes, Tax Credits, Tax Tips, Taxes | Tagged , , , , , ,

New Compliance Requirement for Claiming Educational Tax Credits

Beginning in 2016, in order to claim an American Opportunity or lifetime learning credit or a deduction for education-related tuition and fees, you must have received a Form 1098-T. The form reports qualified tuition and related expenses received by the … Continue reading

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