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Episode 48: The difference between the two education tax credits AOTC and LLC.
Manage episode 170557147 series 1186077
January 23 marks the first day of individual tax filing season. This is a great time to talk about the two educational tax credits; The American Opportunity Tax Credit (previously known as the HOPE tax credit) and the Lifetime Learning Credit. These two have very different eligibility requirements, and familiarizing yourself with the credits will be beneficial during tax season.
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Manage episode 170557147 series 1186077
January 23 marks the first day of individual tax filing season. This is a great time to talk about the two educational tax credits; The American Opportunity Tax Credit (previously known as the HOPE tax credit) and the Lifetime Learning Credit. These two have very different eligibility requirements, and familiarizing yourself with the credits will be beneficial during tax season.
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