BHT&D Certified Public Accountants Blog

Which Education and Tuition Tax Credits Am I Eligible For?

Posted by John Mellstead on Mon, Aug 01, 2016 @ 07:00 AM

If you, your spouse, or a dependent on your tax return is currently attending school, you may be eligible for an education tax credit. The two tax credits that may be available are the American Opportunity Credit and the Lifetime Learning Credit. 

These credits can be used on your federal tax return to help offset the financial burden of attaining a higher education.

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Tags: Tax Deductions, Tax Credit, Education

Will "The 2014 Tax Increase Prevention Act" Affect My Tax Return?

Posted by Joe Turnes on Mon, Jan 05, 2015 @ 01:08 PM

More than 50 individual and business tax deductions and credits were signed into law in December 2014 as part of “The Tax Increase Prevention Act”. 

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Tags: Tax Provisions, Tax Deductions, Retirement Plan, Depreciation Deduction, Tuition, Section 179, Work Opportunity, Classroom Expenses, Local Income Tax, Tax Credit, IRA, Mortgage, Sales Tax, State Income Tax