Source: lexch.com Posted By: Alan G...5316 days ago
College students and their parents have several reasons to examine federal income tax credits for higher education costs this year — particularly in parts of Nebraska, Iowa and five other Midwestern states.
That's because a federal disaster relief law for the Midwest and President Obama's economic stimulus package have increased a previous "Hope" education tax credit.
Various options exist, and families should work the math on different tax scenarios to decide which is best for them, said Internal....