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CollegeBound Blog

Important Income Tax Considerations

Blog, General, Information, Parents, Students
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Parents of college students often forget to consider college expenses as part of their tax return. To help parents navigate the often complex considerations involved in claiming the American Opportunity Credit, the IRS has issued an informative guideline “Tax Benefits of Education.” This tax credit is not the sole tax credit program to consider, especially for parents of students not yet in college. Edvisors has published a noteworthy article to help parents understand the advantages and pitfalls of various programs.

About Jane Manley