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 a tax credit on your federal tax return. Here are some key IRS tips that your should know about education tax credits:
Visit IRS.gov and use the Interactive Tax Assistant tool to see if you are eligible to claim education credits. Visit the IRS Education Credits web page to learn more. Also see Publication 970, Tax Benefits for Education. You can get it on IRS.gov. Comments are closed.
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