Dear partners,
Did you know that saving back-to-school shopping receipts could save families money at tax time? Not many people are thinking about their taxes in August, but it’s a good time to start. Join us to spread the word about the important K-12 Education Credit that can help eligible families save! You can do so by distributing this flyer electronically or by ordering free education receipts envelope — simply reply back to this email. The K-12 Education Credit/Subtraction offsets the education costs parents incur, ranging from everyday school supplies to computers and musical instruments. The credit allows parents to get 75% of qualifying expensesback in refunds, while the subtraction decreases their tax liability. How to claim the credit or subtraction: Parents must save their receipts for tax time to claim their expenses. This simple step can help eligible* families save on their educational expenses. Thanks for your partnership! Mekdelawit Bayu |