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Will I Get More Back With School As A Federal Tax Deduction? |
Okay. So i made violently 13 k as a part time worker. I go to school full time. After doing my taxes, without using primary as a tax credit, I owe 500 bucks federal taxes. If I include school as a tax credit, will the amout of federal tazes owed go down? Mainly with this 100 percent up to 1200 tax credit
| Answer: Absolutely the American Opportunity credit is up to $2500, with up to 40% of what you get (up to $1000) refundable. If you're a dependent though, you can't get an instruction credit, it goes to your parents or whoever you're dependent on. And I assume you are a dependent, since otherwise |
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