Pell Grants & Tax Credits

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Pell Grants &
TAX CREDITS

You May Have Thousands of Dollars of Tax Credits Owed To You. We can help you not only maximize your current year tax return but also amend prior year returns for mistakes made by other professionals.

 

The following is an excerpt straight from the US Treasury on this topic:

 

“For students with scholarships, such as Pell Grants, the process for claiming education-related tax credits, like the American Opportunity Tax Credit (AOTC), is unusually complex and results in many eligible students and parents (if the student is a dependent) foregoing tax credits for which they qualify. The magnitude of the problem appears to be large—the complexity affects at least the almost 9 million students who receive Pell Grants and results in hundreds of millions of dollars of unclaimed credits each year.” (Source: https://www.treasury.gov/resource-center/tax-policy/Documents/Report-Pell-AOTC-Interaction-2014.pdf)

 

Have you took advantage of the tax breaks the government offers students? We can provide you with tax breaks on current and previous returns. Ask us about the American Opportunity Credit.