How Education Tax Credits Can Help You Get To College!

Many students are scared away from pursuing postsecondary education by the perception that they cannot afford it. It is important to know that the federal government is currently offering two different types of tax credits – The American Opportunity Credit and the Lifetime Learning Credit – that may help you to offset high education costs. Both of the available education tax credits pay for eligible expenses up to a given amount, including tuition, books and equipment or material fees.

The Lifetime Learning Credit is also good for up to $2,000 in credit each year, and covers not only degree-seeking students, … Read the rest