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Free Summary: Tax Breaks for College
We don’t need to tell you that college costs are skyrocketing. However, Washington has eased the pain a bit over the past several years by offering up some attractive tax breaks to those trying to pay the college bills. Sadly, many parents are missing these breaks and hence the opportunity to save. The U.S. Government Accountability Office reported that almost 30% of eligible tax filers missed deductions and credits intended to help defray the cost of college. The information in this article will hopefully help prevent such oversights, but be sure to initiate this conversation with your tax preparer as well.
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