Help to Cover Cost of Higher Education

Higher education is often very expensive. Thankfully there are two education tax credits that can help offset these costs. The first credit is the American Opportunity Tax Credit, and the second is the Lifetime Learning Credit.

If you, your spouse, or your dependents took post-high school coursework in 2021 you may be eligible for a tax benefit. These credits will reduce the amount of tax you owe, and if the credit reduces your tax to less than zero, you could receive a refund.

To be eligible to claim either of these credits you must have received a Form 1098-T from an eligible education institution, though there can be exceptions for some students.

To find out if you can claim these credits you can reach us through our ‘Contact’ page by clicking here.