Well, color us red, white and blue! Why, yes he can!
Of course, because it’s in the form of a government tax credit, certain rules and exceptions apply. But the good news is, most tuition-paying parents can expect some kind of credit back from Uncle Sam to help offset the hefty checks written to an approved institution of higher education.
Related to the credits, 529 plan coverage benefits have also been expanded, but here again, exceptions are the rule. Fortunately, though, Advantage 3’s Janet and Susan are well-versed in all of them and can help you get the most money back from your ongoing investment in your child’s education. And we think that’s just (Yankee Doodle) dandy!
To find out how much Uncle Sam would like to give back to you from your college tuition payments, schedule an appointment with Janet or Susan by calling 708-478-8000.
And be sure to keep up with A3 on Facebook for fun (seriously) tax trivia and other tax tips!