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®.

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on
his or her individual circumstances. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials.

Examples cited are hypothetical, are for illustrative purposes only, are not guaranteed and subject to potential federal and state law amendments. There is no guarantee that you will achieve the results discussed or illustrated.

The information in these materials may change at any time and without notice. No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

Rick Plum is a registered representative of, and offers securities through, Lucia Securities, LLC (“LSL”), a registered broker/dealer, member FINRA/SIPC. Advisory services offered through Lucia Capital Group, a registered investment advisor, and holding company for its affiliated broker/dealer LSL. Registration with the SEC does not imply a certain level of skill or training

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