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Three Tax Breaks For College Students

2020-01-27 1 Dailymotion

College students may pay a lot for their education but they’re also eligible for tax credits and deductions. According to Business Insider, here are three tax breaks every U.S. college student should know about.<br />1. The American Opportunity Tax Credit can provide a credit of up to $2,500.<br />2. The Lifetime Learning Tax Credit can provide a $2,000 non-refundable tax credit.<br />3. If students have loan they can deduct up to $2,500 worth of interest paid in a deduction.

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