College Tax Benefits

Students and parents may qualify for various federal tax benefits based on college expenses. Some of these benefits are credits against tax liability and others are adjustments to income. The information below provides general information about these programs. Consult a tax specialist for specific questions about qualifications.

TAX CREDITS
The American Opportunity Tax Credit
Lifetime Learning Tax Credit

How to Claim Tax Credits

TAX DEDUCTIONS
Tuition and Fees Tax Deduction
Student Loan Interest Deduction

OTHER INFORMATION
1098T Form
Tax Benefit Coordination
IRS Publication 970