Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
IRS Publication 970 Credit
February 4, 2015
Capture This $2,500 College Tax Credit
I’ve always dreaded tax season, but when I had children in college there was one aspect of this unwelcome ritual that I actually looked forward to every year. I loved claiming the American Opportunity Tax Credit, which allows qualified parents to knock up to $2,500 off their tax bill for each of their children in college. I felt even better...