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Posts Tagged ‘education tax credits’

3 Tax Breaks for Families with Children

Parents can save a significant amount in taxes by using tax breaks geared towards families. The Child Tax Credit, Earned Income Tax Credit, Adoption Credit, Child and Dependent Care Credit, and Education Tax Credits are all essential tax credits worth exploring. Parents may claim their children as dependents on their tax return to earn the deduction of $4,000 for each dependent claimed. The Motley Fool discusses ...

How to Choose the Best 529 Plan

September 01, 2015  |   Tax Advice   |   Tags: , ,  

High fees for higher education is a worry for many parents and students. Average payments made for tuition and other college fees is a whopping $31,000 a year. Scholarships, grants, and tax credits help to lower these costs, but for many parents the expense is still hard to cover. 529 plans can help parents manage the cost of higher education. 529’s are saving plans that ...

Education Tax Credits and Deductions

If you are a student, you can cover some of the costs of your education by using education tax credits and deductions. Many of the major tax credits and deductions are designed to help students afford higher education. Here are some of the top education tax credits and deductions: American Opportunity Tax Credit This tax credit helps eligible students to cover expenses made to receive higher education ...