What is the Student Loan Tax Deduction?
The student loan tax deduction is your chance to get $2,500 off your interest payments. This is the maximum tax-deductible amount. There are strict limits involved with whether you …
Category: Credits
What is the Earned Income Credit (EIC) and How to Qualify
The Earned Income Tax Credit, also known as the EIC and EITC, is a tax credit for individuals who only make an annual income that is considered low or …
Educational Tax Deductions and Credits
The cost of education is always rising. However, if you are someone who wants to grow your knowledge base, you will be happy to know that education tax deductions …
Student Tax Credits to Take Advantage of at Tax Time
If you or someone you claim on your tax return is going to college this fall, some of your costs could save you money when tax season kicks off. …
Lifetime Learning Tax Credit – Expenses That Qualify
The Lifetime Learning Credit is for those who attend college classes. It allows them to get a 20% tuition expenses credit with a phase-out limit of $2,000 in tax …