Tax tip of the Day: Don’t Overlook Education Credits

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 irs-sealGregg Semanick-New Jersey’s IRS Spokesperson

Education tax credits can help offset the costs of higher education for yourself or a dependent. The Hope Credit and the Lifetime Learning Credit are two education credits available which may benefit you and reduce your taxes.  IRS Publication 970, Tax Benefits for Education, explains the tax benefits that are available if you are saving for or paying higher education costs.

For more information on IRS tax tips, go to the IRS.gov Web site at www.irs.gov.


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