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Educate yourself about the revised tax benefits for higher education
January 12, 2021
Categories: General, Tax, Tax Breaks
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or plans to attend) an institution of higher learning, you may be eligible for tax breaks to help foot the bill. The Consolidated Appropriations Act, which was enacted recently, made some changes to the tax breaks. Here’s a rundown of what has changed. Deductions vs. credits Before the new law, there were tax breaks available for qualified education