What is new for 2016 education tax credits
(Part 2) FORM 1098-T from an eligible educational institution is REQUIRED for 2016 TO CLAIM the American Opportunity Tax Credit AOTC (previously Hope Scholarship Credit), Lifetime Learning Credit LLC, and Tuition and Fees deduction. Here are some tax tips to benefit from these credits in 2016 • Additional criteria must be satisfied for these refundable…