Glossary: Lifetime Learning Credit
The Lifetime Learning Credit is a tax credit available for taxpayers who pay college expenses. This credit is similar to the American Opportunity Credit, but there are some key difference
Sugary Treats for Students Are Not Tax Deductible
This post is from 2011, but is still good information. The $250 deduction for teachers still exists. —– Teachers who pay for classroom supplies out of their own pocket can take a deduction on their tax return. The first $250 of expenses are deductible on the front side of Form 1040. But as a taxpayer […]
