It's almost tax time and if you're planning to claim certain education credits you need to do your homework. If you file Form 8863 ... the IRS says don't file your return until mid-February.
The IRS says it needs to update processing systems before the form can be accepted. This impacts you if you are taking advantage of the American Opportunity Tax Credit or the Lifetime Learning Credit.
Other education benefits like tuition and fees and student loan interest deductions can still be claimed starting January 30.
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