Education Tax Incentives
- American Opportunity Tax Credit (AOC)
- The Lifetime Learning Credit
- Deduction for Student Loan Interest
Deduction for Student Loan Interest
Qualified education loans can be used for expenses including tuition, fees, and room and board, but must be reduced by any tax-free educational benefit.
IMPORTANT NOTE: If you can be claimed as a dependent on another person's tax return, you may not claim the interest deduction for that year.
Share Article:
Securities offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Farmers & Merchants Financial Services, Inc. is a subsidiary of Farmers & Merchants Bank. Infinex is not affiliated with either entity.
Securities and Insurance Products:
Not Insured By FDIC or any Federal Government Agency | May Lose Value | Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate |
---|