A Reputation Taxes - Part 1: Difference between revisions
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Latest revision as of 10:31, 9 October 2026
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Since two of your students are in college, let's imagine that one costs you $15 thousand in tuition. There is a tax credit called the Lifetime Learning Tax Credit -- worth up to 2 thousand dollars in this example. Also, your other child may qualify for something named the Hope Tax Credit of $1,500. Confer with your tax professional for the most current tips about these two tax credit. But assuming you qualify, that will reduce your bottom line tax liability by $3500.
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