IRS.com is not affiliated with any government agencies

Taxes and Education

The rules on deducting student loan interest

You can claim up to $2,500 in interest paid on qualified student loans used to pay for college or vocational school.   NEW YORK (MainStreet)…


Tax-savvy ways to save for your kid’s college expenses

The tax code provides several ways to defer or avoid taxes while saving for your child's education.   The tax code provides several ways to…


Tax-free Coverdell savings accounts saved by Congress

Coverdell education savings accounts have never really drawn many headlines, even when unexpectedly saved from extinction as part of Washington's "fiscal cliff" deal.Much like the…


Choosing a college savings plan

529 college savings plans are tax-advantaged college savings vehicles and one of the most popular ways to save for college today. Much like the way…


What federal income tax form do I file to deduct education expenses?

Certain education expenses can be claimed on your 2010 federal tax forms to lower your tax liability. These expenses are claimed on your 1040 tax…


Education Tax Credits

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…