Hope Scholarship Credit
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| This credit provides for up to $1,650 per student per year in tax reductions. Read more about this tax credit here. |
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Lifetime Learning Credit
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| Students who are enrolled at least part-time may be eligible for this credit of up to $2,000 per year. Learn more about the Lifetime Learning Credit. |
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Student Loan Interest Deduction
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| Taxpayers who have taken loans
to pay the cost of attending a postsecondary institution (for
spouse, dependent, or himself/herself) may deduct the interest they
paid on the education loan(s).
Click here for more information on who qualifies for this deduction. |
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Employer-Provided Educational Assistance
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| Employers may pay for college
courses taken by their employees and the benefit is tax-free to
employees! To learn more, click
here. |
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Tax Deduction for Higher Education Expenses
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| Taxpayers with qualifying incomes may take deductions for qualified higher education expenses paid during the year. Click here for details on income qualifications and deduction amounts. |
