Understanding Educational Assistance and Related Tax Credits

June 17, 2019

An article from “Today’s CPA” provides a detailed explanation as to whether and how much educational assistance a taxpayer should include in taxable income to have the lowest tax liability.

Unfortunately, most taxpayers are not aware of this strategy and tax-filing software generally does not provide the proper guidance. Therefore, CPAs and tax advisers may be able to help their clients save significant taxes using the strategy from this article.

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