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Tag Archives: american opportunity credit

College Credit

Who can—and who should—take the American Opportunity credit?

By Legacy Protection, LLP |

If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the credit — but your child might. There’s one potential downside: If your dependent child claims the credit, you must… Read More »

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How to max out education-related tax breaks

By Legacy Protection, LLP |

If there was a college student in your family last year, you may be eligible for some valuable tax breaks on your 2015 return. To max out your education-related breaks, you need to see which ones you’re eligible for and then claim the one(s) that will provide the greatest benefit. In most cases you… Read More »

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