Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 12:44, 23 October 2026
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Since two of your students are in college, let's think that one costs you $15 thousand in tuition. There are a tax credit called the Lifetime Learning Tax Credit -- worth up to 2 thousand dollars in circumstance. Also, your other child may qualify for something called the Hope Tax Credit of $1,500. Talk to your tax professional for probably the most current some tips on these two tax attributes. But assuming you qualify, that will reduce your bottom line tax liability by $3500.
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