There are two Federal tax credits available to help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC).
To qualify for either credit, you must pay post-secondary (i.e., after high school) tuition and fees. The credit may be claimed by the parent or the student, but not by both. If the student is claimed as a dependent, the student cannot file for the credit.
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