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Revision as of 22:57, 4 September 2026
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Since two of your babies are in college, let's believe that one costs you $15 thousand in tuition. You will find tax credit called the Lifetime Learning Tax Credit -- worth up to 2 thousand dollars in instance. Also, your other child may qualify for something called the Hope Tax Credit of $1,500. Talk tax professional for probably the most current information on these two tax credits. But assuming you qualify, that will reduce your bottom line tax liability by $3500.
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