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Financial tax tips, help, planning, and advice for college students or parents of college students. |
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The Lifetime Learning Credit can help offset some of the expenses of continuing your education.
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The Hope Credit can help with the cost of higher education for each qualifying student in the first 2 years of college or vocational school.
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When applying for financial aid, you may be asked to provide a copy of your federal income tax return. If you previously filed Form 1040 (1040, 1040A or 1040EZ), then you may use Form 4506 to request the IRS send a copy of your tax return to a third party. If your previous return was prepared by Copper Canyon Tax and Financial Services, contact us to arrange pickup of a duplicate copy.
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For some, a 529 Plan is the best investment plan to pay for school. This is true for people trying to play catch-up, or those having a windfall to put into a college savings account. But Coverdell Education Savings Accounts are another great way to start a nest egg for those little ones you hope to send off to college one day.
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