Selecting The Most Advantageous Tax Benefit Of Education Costs
Many tax filers pay education expenses for themselves or for their children. There is more than one potential tax treatment for the cost of education. Tax filers can usually obtain the most advantageous tax outcome by conceptualizing a hierarchy in which the various options are ranked relative to their financial benefit. American opportunity credit The most preferred tax benefit for the cost of education is usually the American opportunity credit, also known as the AOC.