9. You Took Advantage of Educational Tax Benefits
If you or your dependents attend college, you may qualify for educational tax benefits like the American Opportunity Tax Credit (AOTC) or the Lifetime Learning Credit (LLC). These credits can offset the cost of tuition and related expenses, reducing your overall tax bill and increasing your refund.
What to Do: If you or your children are in school, claim all eligible education-related credits.
Action Needed: Track your tuition, textbooks, or other qualifying expenses throughout the year. Then, consult your tax professional regarding education credits for possible reimbursements.
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