A number of college tax breaks are available, the most lucrative of which is the American Opportunity Tax Credit (AOTC). Does your family qualify, and which types of college expenses are covered by the AOTC? Find out in the latest installment of our video series, We Can Explain. In this video, we answer the question, “Can you get a tax break for paying for college?” and provide tips on how best approach this delicate situation.
And don’t forget to subscribe to our YouTube Channel to keep up to date on all the latest college planning tips from our college admissions and finance experts.