Tax Benefits for College Expenses
January 16, 2012
With tax season upon us, now is a good time to consider how your student's college expenses may affect your tax return next year.
Investing in a Cedarville University education may qualify you for education-related tax credits or deductions in 2012. These potential tax benefits should be considered in your overall plan to fund your student's college education.
For example, the tax savings or increased refund created by an education-related tax credit may help close the gap in what your family needs to pay the spring semester bill or reduce a loan you are considering.
Following are websites that may be helpful in reviewing education-related tax benefits for your family: