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TUITION CREDIT PROGRAM APPLICATION FORM

TUITION CREDIT PROGRAM APPLICATION FORM

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jj the cpa here hope you're doing well let's talk about educational tax credits now the first thing i want you to note is that what did not continue into 21 is the ability to take a tax deduction on the individual tax return for educational expenses but the tax credits are typically way better than a tax deduction because the tax credit will reduce down your tax dollar for dollar and one of these tax credits is partially refundable the two tax credits are the american opportunity tax credit as well as the lifetime learning credit both are gonna in essence give you a tax credit for those things you would think of that are a part of going to college so tuition and the fees lab fees books computers and things that would be required for you to go to class this is not going to include room or board now the american opportunity tax credit is up to twenty five hundred dollars while the lifetime learning credit is up to two thousand so if you're in a position where you

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