Understanding Tax Credits vs. Deductions
Tax credits directly reduce the amount of taxes owed, while tax deductions reduce taxable income. Thus, tax credits are generally more valuable than deductions.
Considering Employer-Sponsored Tuition Assistance
Some employers offer tuition assistance programs to help employees pay for college. These programs typically provide financial assistance for employees pursuing higher education, often in areas related to the company’s business.
Benefits of Employer-Sponsored Tuition Assistance
Employer-sponsored tuition assistance programs offer several benefits, including:
