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If you take out student loans to pay for college, you might qualify for the student loan interest deduction. This deduction allows you to reduce your taxable income by up to $2,500 per year.
Here are some of the best college-related tax credits, deductions and other tax breaks that you may be able to take. ... Student Loan Interest Deduction. Do you pay interest on a student loan ...
College isn't cheap. However, depending on your situation, you might be eligible to deduct all or a portion of tuition costs when you file your taxes. But, because the tax code contains multiple...
Here's a breakdown of 12 tax deductions, credits, and exemptions that can help you pay for college. No matter where you are on your quest for knowledge, there's probably a tax break that can help ...
With CollegeBoard reporting rising full-time undergraduate tuition rates for the 2024-2025 school year, college expenses can clearly challenge any budget. That makes it worth looking for ways to ...
Learn the education tax credits that could reduce your taxes.
You may be eligible for a tax credit of up to $2,000 ($4,000 for students in Midwestern disaster areas) on the first $10,000 of college tuition and fees for yourself or your dependents, provided ...
The other type of tax benefit that comes into play are deductions for tuition and fees. Under the tuition and fees deduction, you're allowed to reduce your income by up to $4,000 in college ...