Getting Associated With Tax Debts In Bankruptcy: Difference between revisions
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Revision as of 21:52, 18 October 2026
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Since two of your children are in college, let's think one costs you $15 thousand in tuition. You have a tax credit called the Lifetime Learning Tax Credit -- worth up to 2 thousand dollars in situation. Also, your other child may qualify for something called the Hope Tax Credit of $1,500. For your tax professional for one of the most current advice on these two tax credit cards. But assuming you qualify, that will reduce your bottom line tax liability by $3500.
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