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EDUCATION CREDITS - PARENTS - You Tube video text script

 

 HERE'S A TIP FROM THE I-R-S. 

GOING TO COLLEGE AND EVEN BUYING A COMPUTER FOR YOUR COURSE WORK JUST GOT EASIER. 

THERE ARE TWO WAYS.

FIRST… THERE'S THE NEW AMERICAN OPPORTUNITY CREDIT.

YOU CAN CLAIM UP TO 25-HUNDRED DOLLARS ON YOUR TAX RETURN FOR COLLEGE OR OTHER POST SECONDARY SCHOOL EXPENSES.

AND BECAUSE IT IS A REFUNDABLE CREDIT, YOU MAY GET UP TO A THOUSAND DOLLARS BACK EVEN IF YOU OWE NO INCOME TAX.

HERE'S THE OTHER BIG CHANGE.

IF YOU HAVE A 529 COLLEGE SAVINGS PLAN… YOU CAN NOW USE THOSE FUNDS TO BUY A COMPUTER FOR YOUR COURSE WORK.

THERE ARE SOME LIMITATIONS… BUT MOST STUDENTS ARE ELIGIBLE.

LEARN MORE ON I-R-S-DOT-GOV.

 


Page Last Reviewed or Updated: August 30, 2011