Going to School? Get a Break with the American Opportunity Tax Credit

Sending a child to school is expensive. Really expensive. I have 2 sons in college and the costs of tuition, books, and extracurricular activities add up quickly. Fortunately, there are tax credits you can take advantage of to help offset the rising cost of education. If you, your spouse, or dependents are currently attending or …

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Proposed Simplification of Education Tax Breaks: The Good and the Bad

With the cost of education climbing and more students graduating with record student loan debt, many college students and families unintentionally miss out on education tax breaks because of the complexity of tax-based student aid. In 2013, families with college students could benefit from the American Opportunity Credit (AOTC), the Lifetime Learning Credit, or the …

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