Tax pros say credit for college students underused

With many last-minute tax fliers waiting until the April 18th midnight deadline, tax pros advise making sure everything is in order before going to the tax preparer.

Liberty Tax Service on Jordan Lane will be open from 7 a.m. through midnight Monday.

"The thing to have on hand is all of their information to prepare their return. W2's, 1099's, any interest for deductions. If they don't have all that information, they can file an extension.Those can be filed to give you an extension all the way through October 15th to actually file your tax return," said owner David Freeman.

Freeman added the tuition tax credit, which can mean hundreds of dollars for college students or the parents, is underused.

"Whether you're a student and you file your own tax return, or whether you're the parent of a student, there's a potential tax credit that many people don't know about for the tuition payments to school. It's up to a $1,000 worth of credit that many people just don't know is out there. And we want everyone to get it who is qualified for it," Freeman said.

To find accountants with good reputations, log on to the Alabama Society of CPA's website.

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