I am planning to take tomorrow off and file my 2022 tax return. (Any helpful advise is appreciated!)
As of 2022, my 2 dependent child have received the American Opportunity Tax Credit (AOTC/AOC) four times.
In 2022, my son was a junior and dealing with some serious mental health issues. He will be returning to college in August and is planning to graduate December 2026.
In 2022, my daughter graduated college and started graduate school in the summer of 2022.
Currently (circa. 2022), my daughter has a $1,400 LLC and my son has a $600 LLC.
What can I do to maximize both LLCs?
Thanks!
Q
