Tax Return for a Dependent Child
Who
Posts filed under the Citizens and Residents category.
Five Ways to Offset Education Costs
College can be very expensive. To help students and their parents, the IRS offers the following five ways to offset education costs.
- The American Opportunity Credit This credit can help parents and students pay part of the cost of the first four years of college. The American Recovery and Reinvestment Act modifies the existing Hope Credit for tax years 2009 and 2010, making it available to a broader range of taxpayers. Eligible taxpayers may qualify for the maximum annual credit of $2,500 per student.
