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 ...

John Giustina / Getty Images The American Opportunity Tax Credit (AOTC) is a partially refundable credit that offsets certain qualified post-secondary education expenses, up to $2,500. What Is the ...

Saver's Credit (Retirement Savings Contributions Credit): Encourages low- and moderate-income taxpayers to make contributions to retirement plans, such as a 401 (k) or an IRA, by offering a ...

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 ...

Some general information about the IRS tax form 1098-T is provided below: Does my Form 1098-T tell me everything I need to know for tax purposes? IRS Publication 970 defines qualified tuition and ...

The only two credits that cannot be claimed in the same year are the American Opportunity Tax Credit and the Lifetime Learning Credit. It indicates an expandable section or menu, or sometimes ...

With the tax season still ongoing but the April 15 deadline for filing on the horizon, TurboTax tax expert CPA Lisa Greene-Lewis joins Wealth with Brad Smith to provide an overview of some common tax ...