Education

The Latest

  • August 18, 2010

    The “Tuition and Fees Deduction” is an education tax benefit that allows taxpayers a tax deduction if they paid the qualified education expenses for an eligible student (themselves, their spouse, or a dependent). It is an above-the-line deduction...

  • August 18, 2010

    The Student Loan Interest Deduction is an education tax benefit that allows taxpayers to deduct up to $2,500 of the interest paid on student loans. This education tax deduction can be claimed on your...

  • August 18, 2010

    The Hope Scholarship Tax Credit is an education tax benefit that allows taxpayers a credit of up to $2,500 (per student, per year) if they paid qualified tuition and related expenses for the first four years of postsecondary education.

    For...

  • August 18, 2010

    The Lifetime Learning Tax Credit is an education tax benefit that allows taxpayers a credit of up to $2,000 for the qualified tuition and educational expenses of a student. This tax credit is nonrefundable and it applies to students at the...

  • August 18, 2010

    The American Opportunity Tax Credit is an education tax benefit that allows taxpayers a credit of up to $2,500 if they paid the qualifying educational expenses for an eligible student (for tax year 2009). The eligible student may be themselves,...

  • August 18, 2010

    It used to be that parents spent a lot of time worrying about how they were going to be able to afford to send their kids to college.  The serious downturn in the economy and the surge in unemployment have precipitated an increase in adults...