Save More Money With Tax Credits

COVID-19 relief payments aren’t taxable, since they are essentially tax credits that the IRS awarded early. But there are other tax credits that can help  lower your tax liability, the College Investor says. For example, you can claim up to $2,000 for adult educational expenses under the Lifelong Learning Credit, or use the American Opportunity Tax Credit to reduce liability as an undergraduate. And if you are a working parent of modest means, you may qualify for an Earned Income Tax credit of up to $6,660. #LastMinuteTaxTips