Tax Attorney In Oregon Or Washington; Does Your Business Have Body?: Difference between revisions
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Revision as of 10:31, 8 October 2026
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There are a tax credit called the Lifetime Learning Tax Credit -- worth up to 2 thousand dollars in this case. Also, your other child may qualify for something called the Hope Tax Credit of $1,500. Talk to your tax professional for the most current suggestions about these two tax credits. But assuming you qualify, that will reduce your bottom line tax liability by $3500. Since you owed 3300 dollars, your tax has started to become zero income.
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