Know Your Tax Credits - The Lifetime Learning Credit

Submitted by John Cooney on Feb 4, 2020
As we move towards April 15th’s tax filing deadline, I wanted to spend a few blogs on explaining some of the more popular tax credits that may be available to you. Last month we talked about the American Opportunity Tax Credit (AOTC) and this month we will discuss another Education Tax Credit, the Lifetime Learning Credit (LLC).
Taxes, Tax Planning, Education, Enrolled Agent

Know Your Tax Credits - The American Opportunity Tax Credit

Submitted by John Cooney on Jan 21, 2020

As we move towards April 15th’s tax filing deadline, I wanted to spend a few blogs on explaining some of the more popular tax credits that may be available to you.  Up first, the American Opportunity Tax Credit (AOTC).  The AOTC is a credit for qualified education expenses paid for an eligible student during their first four years of higher education.  The credit is calculated by factoring

Taxes, Education, Tax Planning
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