| Learning Library Quick Answers Tax Planning |
Answer: 529 plansmay be taxable when other education tax incentives are involved (American Opportunityor Lifetime Learning credits....
Scenario: Does the kiddie tax apply only if you have a tax liability, i.e. you owe, or is that if you have taxable income? Answe....
Answer: Generally, you can claim the American Opportunity credit if all three of the following requirements are met: 1. You pay q....
Answer: Generally, you can claim the Lifetime Learning credit if all three of the following requirements are met. 1. You pay qual....
Scenario: If we claim the student on our tax return and they get a student loan and pay the bill, we as parents still get to take ....