Education Tax Credits
My first of 3 will be starting college this year and I can't see anywhere that accounts for the current education tax credit (up to $2500 under current law). This is a pretty significant credit and adds quite a bit to the bottom line. How does one account for this in ESP?
Wed, 02/08/2017 - 08:17
You could give yourself a tax
You could give yourself a tax-free special receipt of the amount of the credit for the year or years going forward that you qualify.