Chart: Tax Benefits Compared
Students and students’ families have three primary tax benefits available to them, all very well compared and contrasted in this handy chart brought to us by the good folks at the IRS. While last week we saw a breakdown of how to determine which benefit you may qualify for this will help fill you in on the details of each.
Families need to be aware of these benefits during tax time, take advantage of them, and plan accordingly for future years. An extra $2500 per year, per student can make a significant difference in affordability in many cases. Further, non-traditional and/or non degree-seeking students have an incredibly unique opportunity to redirect their tax dollars to personal betterment.
We’ll discuss these benefits more in our another post.