When filing your taxes and you have college students in your household do not forget The American Opportunity credit can provide up to $2,500 in tax credit for the first $4,000 in qualifying education expenses. Qualifying expenses are typically related to tuition and course material. A computer will not qualify as an expense unless the course requires it.This credit is available through 2017.
Not sure if you qualify?
Contact Tammy Hastings Bookkeeping and Tax Service. Tammy knows!
Tammy Hastings Bookkeeping and Tax Service
55 South 5th Street, Ste. N
Central Point, OR 97502