Family and Consumer Sciences

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Ohio State University Extension

education expenses

Do You Know About The Two Tax Credits for Higher Education Costs?

To encourage people to advance their educational level, job skills, or both, the Internal Revenue Service (IRS) has two tax credits, the Lifetime Learning Credit and the American Opportunity Credit, that may help reduce the cost of education.  Both of these credits are explained in detail in the IRS Publication 970(PDF)Links to a PDF document.. What is the difference between a tax […]

WRITTEN BY: Melanie S. Hart, Extension Educator, Family and Consumer Sciences, Ohio State University Extension

REVIEWED BY: Amanda Woods, M.Ed. Healthy Finances Program Specialist, Family and Consumer Sciences, Ohio State University Extension

PHOTO CREDITS:

  • Pixabay.com

SOURCES:

  • Internal Revenue Service Publication 970

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