Deducting Educational Expenses on a Tax Return

In this video, Kolonji Murray, founder and tax expert at TaxAssurances, provides essential guidance on deducting educational expenses on your tax return. He breaks down the qualifications for popular tax credits like the American Opportunity Credit and Lifetime Learning Credit. Kolonji also explains which educational expenses can be deducted and how to maximize your tax savings as a student or parent. This video is perfect for anyone looking to better understand how education-related costs can affect their tax filings.
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