Blog
Michael DiSabatino of Sharp CFO™ shares expert insights to help you unlock your business's full potential by delivering proven strategies for maximizing tax savings, streamlining operations, and driving sustainable growth.
The information provided on this site is for general informational purposes only and should not be construed as professional financial, tax, or legal advice. For advice tailored to your specific situation, we recommend consulting with a qualified professional.
The information provided on this site is for general informational purposes only and should not be construed as professional financial, tax, or legal advice. For advice tailored to your specific situation, we recommend consulting with a qualified professional.
3 minutes reading time
(527 words)
Reducing the Cost of Higher Education
With kids going off to college in September, the fact of higher educational costs is now impossible to ignore. As you or your child navigate campus, you are now in position to start navigating the possible tax implications of your new-found college expense. Outlined here are three of the more popular ways to reduce your taxes in 2012 as a result of this educational expense burden.
Who Qualifies:Typically you, your spouse, or a dependent that can be claimed as an exemption on your individual tax return Qualified Expenses:Tuition and fees, course related books, supplies and equipment Common Tax Benefits:
Tips to Maximize your Tax Benefit
Remember, like most tax provisions, these benefits are all subject to income limitations. For 2012 they are:
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