A College Education Credit You May Have Missed
You probably don’t need us (or anyone) telling you that college costs are high, and going higher each year. When you consider tuition, fees and housing, and add in various supplies and more, even the cheapest local university can cost more each year than a new car. So what can you do?
To be frank, there’s not much anyone can do about these expenses by themselves, so if your child or you have decided to go the college route, you’ll either have to pay them in full, or hope the school administrators give you a break. But there’s a little-known way that you may be able to recoup some of those costs, thanks to the federal government’s American Opportunity Tax Credit.
You may not have heard of it, but it’s there for you to use, and if you qualify, you just might be able get back some of that tuition you’re paying. Find out more on this week’s edition of Lucia Capital Group Weekly, with “Professor” Rick Plum, CFP.
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