HHM WEEKLY TAX TIP: Education Tax Breaks

If there was a college student in your family last year, you may be eligible for some valuable education tax breaks on your 2015 return. To ensure you get the greatest benefit - choose the break in which you claim the most benefits.POSSIBLE CREDITS:📗 The American Opportunity credit — up to $2,500/yr per student for qualifying expenses for the first four years of postsecondary education.📗 The Lifetime Learning credit — up to $2,000/tax return for postsecondary education expenses, even beyond the first four years.Contact any of our trusted advisors at HHM today if you have any questions regarding this information at 423.756.7771.