the qualified expenses must be for higher education the tuition and fees deduction can reduce the amount of your income subject to tax by up to $ 4000 generally you can claim the tuition and fees deduction if all three of the following requirements are met1 you pay qualified education expenses of higher education2he tuition and fees deduction can reduce the amount of your income subject to tax by up to $ 4000 generally you can claim the tuition and fees deduction if all three of the following requirements are met 1
The American Opportunity Tax Credit (AOTC) is one of two tax credits available to students and those who claim them as dependents. It allows eligible students to reduce what they owe in taxes by up to $2,500 a year for tuition and related expenses.
For airline travel: Travel on American is credited to your account 1â3 days from your date of travel. Allow 15 days for credit from other AAdvantage partner airlines. For other partner transactions: Miles earned from other AAdvantage partners are generally credited within 30 days.