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Revision as of 19:05, 7 October 2026

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There are a 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 Hope Tax Credit of $1,500. Physician tax professional for probably the most current great tips on these two tax 'tokens'. But assuming you qualify, that will reduce your bottom line tax liability by $3500. Since you owed three thousand dollars, your tax is becoming zero capital.

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