New tax breaks for the tax season - WALB.com, South Georgia News, Weather, Sports

New tax breaks for the tax season

Albany- This year if you itemize you can write off state and local sales tax instead of your state income tax. That could help people who made big ticket purchases.

Students or taxpayers with children in college can also save with Lifetime Learning Credit increases.

"Last year, the maximum you could take off was $1,000 and this year, it's been increased to $2,000. The lifetime learning credit is used for college students in their third and fourth year of school," says H & R Block tax specialist Jamila Floyd.

The deadline for filing taxes is April 15th.

posted by len.kiese@walb.com

 

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