2021 – 07/26 Colleges, universities and trade schools will soon reopen. Whatever form a school takes, higher education is expensive. But the good news is, taxpayers, their spouses or dependents who take post-high school coursework in 2021 may qualify for one of two tax credits that can reduce their tax bills. The American Opportunity Tax Credit is worth up to $2,500 per eligible student, for the first four years at an eligible school, if certain conditions are met. The Lifetime Learning Credit tops out at $2,000 per tax return, for any number of students and any number of years. Do you qualify for either credit? Use this tool to find out:   or learn more here: –

Similar Posts