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Aktuelle Version vom 27. Februar 2025, 03:45 Uhr
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Now, let's examine if regular whittle made that first move some better. How about using some relevant tax credits? Since two of your youngsters are in college, let's assume that one costs you $15 thousand in tuition. There is the tax credit called the Lifetime Learning Tax Credit -- worth up to two thousand dollars in this example. Also, your other child may qualify for something called the Hope Tax Credit of $1,500. Speak with your tax professional for probably the most current some tips on these two tax credit. But assuming you qualify, that will reduce your bottom line tax liability by $3500. Since you owed three thousand dollars, your tax is now zero capital.
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