What Are Education Tax Credits? - CountyOffice.org

What Are Education Tax Credits? Education tax credits are essential benefits provided by the government to help individuals offset the costs of higher education. In the United States, two primary types of education tax credits exist: the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC offers a credit of up to $2,500 per eligible student for the first four years of post-secondary education, while the LLC provides a credit of up to $2,000 per tax return for various educational expenses throughout a lifetime. To qualify for these credits, specific criteria related to educational institution enrollment and income requirements must be met. Understanding the rules and limitations of each credit is crucial to fully capitalize on their benefits.

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