Education tax credits can help those who pay for higher education reduce their tax bill — and, in some cases, get more money in their refund. There are two main types of education tax credits: the ...
Education tax credits include the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Tax Credit (LLTC). These credits can make college more affordable, but there are income restrictions.
College isn’t cheap. However, depending on your situation, you might be eligible to deduct all or a portion of tuition costs when you file your taxes. But, because the tax code contains multiple ...