Unlike other education-related tax benefits, which merely reduce income subject to taxation, taking advantage of American Opportunity Tax Credit can offer significant savings
In our guide to education tax deduction and student loan tax deduction tips, you can learn more about the conditions of this education tax deduction for student loan interest. For example, the student loan interest tax deduction can be claimed as an income adjustment, and you do not need to itemize your tax deductions to qualify for the tax credit.
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