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Educational Expenses

Qualified education expenses are amounts paid for tuition, fees and other related expenses for an eligible student. Other expenses, such as room and board, are not qualified expenses. The credit equals 100 percent of the first $2,000 spend and 25 percent of the next $2,000.

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Two Education Credits Help Pay Higher Education Costs

(1 days ago) WebThe American Opportunity Credit and the Lifetime Learning Credit may help you pay for the costs of higher education. If you pay tuition and fees for yourself, your spouse or your …

Category: Learning, Education Go Now

Other Deductions and Credits

(1 days ago) Web5. The American Opportunity Tax Credit helps offset some of the costs that you pay for higher education. The AOTC applies to the first four years of post-secondary …

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