TITLE

Get in under the wire for education credit

PUB. DATE
December 2014
SOURCE
Small Business Tax Strategies;Dec2014, Vol. 9 Issue 12, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the availability of two tax credits for taxpayers' higher education expenses in 2014 such as the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). It mentions the reduction and deduction of tuition for upper-income taxpayers. It says that the AOTC applies for a student's first four years in post-secondary education while the LLC is based on the taxpayer's modified adjusted gross income (MAGI).
ACCESSION #
99590699

 

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