Articles on Stock markets
News, Research and Analysis
What is the Lifetime Learning Credit?
The Lifetime Learning Credit is a federal tax credit to offset expenses associated with higher education. There is no age limit and the credit can be applied to part-time student courses, even if it is only one class. The credit is for 20% of the related expenses up to a maximum of a $2,000 credit per household. Tax credits are a dollar-for-dollar reduction of taxes due.
The Lifetime Learning Credit can be used for higher education expenses, regardless of the age of the student, but there is a household limit per year. 20% of educational expenses up to a household maximum of $2,000 can be applied as an income tax credit. The credit exists to make it easier for Americans to increase their skill-set and education.
Other tax credits may require that students be enrolled in the first two years of post-secondary education, as with the Hope Credit, or a four year undergraduate program, as with the American Opportunity Credit (AOTC). Note that the Hope Credit is separate and distinct from the Hope Scholarship program available to students from Georgia.
The Lifetime Learning Credit can be seen as an alternative to the Hope Credit, since both cannot be taken in the same year and they have the same income phase-out. Neither of these can be used if an individual has an income over $65,000 (in 2016) or $130,000 jointly.
The Hope credit can increase based on the number of students in the household, but the lifetime learning credit will not. The Lifetime Learning Credit does not include room-and-board as a qualifying educational expense.
You can read more about the Lifetime Learning Credit on the IRS website — found here.
What is a Student Loan?
What is the Federal Supplemental Education Opportunity Grant?
What is Medicare Part C?
Medicare Part C, is a private plan that is mandated to be at least equal in coverage to Part A and Part B. There is a...
What is the Broadening Top (Bearish) Pattern?
The Broadening Top pattern forms when a stock price makes higher highs and lower lows following two widening trend lines
Will Ripple Make a Superior Payment System?
Ripple is already making waves in the banking world, and may be poised to become the #1 option for cross-border settlements between banks worldwide
How large are market fluctuations?
Fluctuations are represented in terms of volatility, and different types of investments experience different levels
What is an Operating Expense?
Operating expenses are the costs a company incurs as a part of everyday business operations
What does it Mean to be "Listed"?
Being listed is a significant milestone for any company, and can help to build investor confidence and support long-term growth.
What is the Elliott Wave Theory?
Elliot Wave Theory incorporates the natural cycles of nature in an attempt to explain and predict future prices of stocks
What is the Rising Wedge (Bullish) Pattern?
The Rising Wedge pattern forms when prices seem to be spiraling upward, and two upward sloping trend lines are created
What is the difference between Common Stock and Preferred Stock?
The primary difference between a preferred stock and a common stock is that preferred stockholders have a greater claim to assets of the company.
What is the Difference Between a Will and a Trust?
A primary difference between a will and a trust is that a will goes into effect once you die, but a trust goes into effect when you create it