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Tag Archives: dependency exemption

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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