The American Opportunity Tax Credit eases that burden with an annual education tax credit of up to $2,500 for tuition and fees for the first four years of higher education, and it’s available to ...

The American Opportunity Tax Act is a partially refundable credit that qualifying students can use to recover certain expenses within their first four years of post-secondary education.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Learn More: American Opportunity Tax Credit: What Is It and Who Qualifies? Find Out: 4 Subtly Genius Moves All Wealthy People Make With Their Money Some tax credits even qualify as “refundable ...

Unlike the American opportunity tax credit, this credit is not limited to the first four years of college and you do not have to be enrolled at least half time in a program working toward a degree ...

The credit, worth up to $2,000 per tax return, applies to you, your spouse or a dependent listed on your return. The American Opportunity Tax Credit is an educational credit worth 100% of the ...

Learn More: American Opportunity Tax Credit: What Is It and Who Qualifies? Be Aware: 3 Sneaky Things You Didn’t Realize Your Tax Software Was Doing — And How to Stop Them This Year As you file ...

For the lifetime learning credit and the American opportunity tax credit, income limits of $90,000 for single filers and $180,000 for joint filers apply. The income limit to qualify for the ...

A single adult earning $48,000 finds themselves paying 22% on their top-taxed dollars. Learn More: American Opportunity Tax Credit: What Is It and Who Qualifies? Be Aware: 3 Sneaky Things You Didn’t ...

For example, up to 40% (or $1,000) of the maximum $2,500 for the American Opportunity Tax Credit can be put toward your tax refund if your tax liability hits $0. Note: The best tax software will ...