University Tuition Tax Deductions 2024: Maximize Your IRS Savings with AOTC, LLC, and 529 Plans
University Tuition Tax Deductions: How to Save Thousands on Your 2024 Tax Return IntroductionWith college tuition averaging 42,000/yearatprivateU.S.universities,taxdeductionsandcreditscanslashyourIRSbillbyupto42,000/yearatprivateU.S.universities,taxdeductionsandcreditscanslashyourIRSbillbyupto2,500–$10,000 annually. But 67% of eligible families miss these savings due to complex rules or missed deadlines. This guide breaks down 2024’s tuition tax breaks—including the American Opportunity Tax Credit (AOTC), Lifetime Learning Credit (LLC), and 529 plans—so you … Read more