IRS offers tax benefit tips for college students

If you’re a recent high school graduate going to college for the first time or a returning student, the Internal Revenue Service has tips about education tax benefits that can help offset some college costs. The tips typically apply to students, their spouses or a dependent for whom parents claim an exemption on their tax returns. The benefits include: American Opportunity Credit • This credit, originally created under the American Recovery and Reinvestment Act, is still available for 2012. The...