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Education less taxing

Source: Posted By: Alan G...4071 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....

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