Using College Tax Credits Proactively

Bethorama33
Sun, 26 Aug 2012 09:24:59 +0000

We already estimate our taxes and make sure not to pay any extra in. I am sure that the $4,000 would be met by one child because our EFC is $11,000 for each child and he won’t be receiving any merit aid. I think you are right about it being a variable just how high the deductable expenses would be, because I am only estimating about $2,000 a year in books, fees, supplies, etc?

It just seems it would be better use of the tax credit to pay for college expenses if it were used proactively vs. looking for the money back after already paying it out of pocket?