American Opportunity Credit vs. Lifetime Learning Credit -What’s the Difference? Maximize Your Education Tax Benefits by Choosing the Right Credit If you’re paying for higher education, you might be eligible for tax credits that reduce your tax bill—possibly by thousands. The two most common are the American Opportunity Credit (AOC)
If you're paying for education- whether you're working on your degree, taking night classes, or pursuing professional development- you may be leaving money on the table if you're not taking advantage of the Lifetime Learning Credit.
First Time Filing Taxes? Here’s What You Need to Know Don’t panic! Just follow these 5 steps. Filing your taxes for the first time can feel like a rite of passage- one that comes with a lot of questions and confusion. At SuperNOVA tax solutions, we specialize in helping new
Filing Taxes as an International Student (F-1 or J-1 Visa Holders) As an international student on an F-1 or J-1 visa, filing taxes in the U.S. can seem like a daunting task. But don’t worry! Whether you’re working part-time on campus, receiving a scholarship, or just trying to understand your
Can You Claim Tuition If You’re Paying with Student Loans? Paying for college can be tough, but student loans can help cover your tuition costs. If you’re using student loans to pay for your education, you might wonder: Can you still claim tuition expenses on your taxes? The answer is
Scholarships and Taxes: What’s Taxable and What’s Not? Scholarships are a great way to fund your education, but you might be wondering: Do I have to pay taxes on the money I receive? The answer is: it depends. Here’s a breakdown of what’s taxable and what’s not when it comes
Can You Still Claim Education Credits If You’re a Part-Time Student? The Answer Might Surprise You—Yes, But With Rules Good news! Even part-time students can still qualify for education credits—just not all of them. 🧾 American Opportunity Credit (AOC) Requires at least half-time enrollment Must be in a degree or
What to Know If Your Parents Still Claim You as a Dependent It Affects Your Credits, Your Deductions, and Even Your Refund Your parents may still be able to claim you as a dependent if you’re: Under 24 A full-time student Living with them for more than half the year
Do You Need to File Taxes If You’re a College Student? Filing Might Seem Optional, But It Could Get You a Refund If you’re a student, you might wonder if filing taxes is even necessary—especially if you made only a few thousand dollars. But in many cases, filing can benefit
Student Loan Interest Deduction – How to Qualify and Claim It Don’t Miss This Simple Way to Reduce Your Tax Bill If you’re paying back student loans, you may be eligible to deduct up to $2,500 in interest paid during the year. 💡 Who Qualifies? You paid interest on a
