I recently read this Tax article on Yahoo.com About 12 different ways to save on taxes. It was an interesting read to say the least. The part that I found most interesting was the part about education. “The new education tax break expanded the existing Hope Credit, providing a credit of up to $2,500 of the cost of qualified tuition and related expenses, and up to $1,000 of the credit could come back to the taxpayer as a refund.” This is awesome because of the fact that many Americans are looking at going back to school or are already in school. As the economy continues to struggle people are looking for ways to make money and one way to do that is by going back to school and getting educated in a different field so that they have more job opportunities.
Education is important and having knowledge of different fields is definitely a way to re-boost your job field. The government is helping you do that by giving you a tax break on your education.