Tag - Lifetime Learning Credit

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Five Federal Income Tax Breaks for Adult Students

Five Federal Income Tax Breaks for Adult Students Here are Five Federal Tax Breaks for Adult Students that could help you out if you return to school to improve your resume and potentially make more money.  Our kids aren’t the only ones that just returned to school; more and more adults are taking courses to pursue a new career or improve their current job skills. Adult students may qualify for several tax breaks. Here are five possible options: American Opportunity Tax Credit...

September 23, 2019Read more...
Are You or Someone You Love Going to College, Find Out About Tax Credits that Can Help Offset the Cost, SFS Tax and Accounting Services, College Student, Backpack, University

Are You or Someone You Love Going to College?

Find Out About Tax Credits that Can Help Offset the Cost There is no doubt that the cost of college can be high. Outside of winning the lottery or racking up student loan debt, there’s another way to help if you are footing the bill – whether it be for you, your spouse or one of your dependents. There are two tax credits that apply here: American Opportunity Credit The American Opportunity Credit gives you tax deductions of up to $2,500 for each eligible...

August 14, 2018Read more...