Taxes for College Students

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 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 9, 2010

    With the cost of tuition on the rise, along with other expenses, such as books and supplies, attending college is more costly than ever before. Fortunately, the government is doing what they can to ease the burden for students who need financial...

  • August 9, 2010

    Ask anyone and they will surely tell you they pay too much in taxes. Fortunately, the federal government and many states have responded by creating a means to rebate taxes in the form of “tax credits.” Tax credits do not reduce your taxable...