Did you pay for college in 2014?

• Position: NOTEWORTHY - Brief article

Did you pay for college in 2014? If you did it can mean tax savings on your Federal tax return. There are two Federal tax education credits that can help you with the cost of higher education: American Opportunity Tax Credit and Lifetime Learning Credit. With AOT, you may be able to claim up to $2,500 per eligible student. The credit applies to the first four years at an eligible college or vocational school. If the credit reduces your tax to less than zero, you...