November 25, 2020

SAVE YOUR RECIEPTS! New tax credit for students.


Part of the American Recovery and Reinvestment Act that Obama passed a while back included some changes to how students get tax credits for education. Now, “course materials” are covered. This means you can get the tax credit for stuff that you buy out-of-pocket, not just for tuition. (Since it’s a credit, you’ll still get the cash even if your income ends up being diddly-squat at the end of the year.) [source]

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