Education Tax Credits, Deductions & Forms
Attend our massage school and save with tax credits and tax deductions!
Attend our massage school and save with tax credits and tax deductions!CFMNH is the ONLY massage school in Asheville approved by the United States Department of Education as a Title IV school, which means you are eligible to take advantage of significant tax credits when you attend our program.
The American Opportunity Credit is a tax CREDIT of up to $2500 for your out-of-pocket educational costs, including tuition, books, linens, oils and any other school related costs. The American Opportunity Credit is available even if you make up to $80,000/year or have no income at all.
From the IRS: Eligible Educational Institutions:
An eligible educational institution is generally any accredited public, nonprofit, or proprietary (private) college, university, vocational school, or other postsecondary institution. Also, the institution must be eligible to participate in a student aid program administered by the Department of Education. The Center for Massage & Natural Health meets these eligibility requirements.
- important links
IRS Publication 970: Tax benefits for Education for use in preparing your 2009 Tax Returns
Special IRS Web Section Highlights Back-to-School Tax Breaks; $2,500 College Credit Available (American Opportunity Credit)
More on the American Opportunity Credit: Education Tax Breaks
IRS Form 8863: Education Credits (American Opportunity, Hope, and Lifetime Learning Credits) for your 2009 Tax Return
Five Ways to Offset Education Costs IRS TAX TIPS for 2010