Top 10 Reasons People Don’t Use the Tuition Tax Credit And what you can do about it
10. They don’t know how it works
It does sound a little too good to be true–you can give money to help students attend private schools without really paying a dime? Yes, you can!
9. They think it’s too complicated
It’s actually really simple! Just look at last year’s tax return to find out how much you owed, give that amount to a tuition scholarship organization, then you’ll get it all back in your refund.
8. They don’t know how much they can contribute
Perhaps you aren’t aware of how much you can donate. If you are a single, you can donate the first $500 that you owe in state tax. Couples can donate up to $1,000!
