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 ...

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

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.

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

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 American Opportunity Tax Credit is available for students the first four years after high school. If a student attended the university at least half time during the past calendar year and ...

which means you may receive only part of the credit as a tax refund, even if your tax liability is zero. For example, the American Opportunity Tax Credit (AOTC) is worth up to $2,500, but only $ ...

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 ...