Tag Archives: Lifetime Learning 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

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IRS Reminds Parents, Students to Explore Education Resources on IRS.gov

The following article was published by the IRS. The Internal Revenue Service today reminded parents and students that there are many tax benefits available to them, and the easiest way to learn more about them is through the education resources … Continue reading

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Learn about Tax Benefits for Education

The following article was published by the IRS. The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two … Continue reading

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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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In 2017, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged

The following article was published by the IRS. The Internal Revenue Service recently announced the tax year 2017 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2016-55 provides … Continue reading

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Reminder for Parents and Students: Check Out College Tax Credits for 2016 and Years Ahead

With another school year now in full swing, the Internal Revenue Service recently reminded parents and students that now is a good time to see if they qualify for either of two college tax credits or other education-related tax benefits when … Continue reading

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Back-to-School Education Tax Credits

The following article was published by 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. You may be able to claim … Continue reading

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