A temporary tax credit that is scheduled to expire at the end of this year can ultimately cut the cost by as much as $2,500, if certain educational expenses are paid out of pocket instead of from a Section 529 college savings plan. That's free money, worth even borrowing more cash for in order to claim it at tax time.
The American Opportunity tax credit is the most noteworthy of at least three ways tuition-paying families can get some relief when they file their taxes. First, though, they...
| This story has expired! You can purchase the full text in our news archives. |
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.
In order to post or vote on a comment, you must be signed in with a hometownannapolis account.
Take a look at a summary of Commenting Guidelines.
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.