Preparing for expenses It is vital therefore, to plan ahead and start saving early for any education costs that you may incur in the near future - as the earlier you start, the easier it will be ...
The American Opportunity Tax Credit (AOTC) allows you to earn up to $2,500 in tax credits when claiming your college tuition and related expenses. Your first $2,000 for qualified education ...
However, in all cases, other expenses for home schooling or non-athletic supplies for physical education teachers, for example, cannot be deducted. (The RS doesn't consider those to be qualified ...