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In the past, you could deduct college expenses using the Tuition and Fees Deduction. But this deduction was phased out in 2020, and instead there are several college credits that have expanded ...
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 ...
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...
Learn the education tax credits that could reduce your taxes.
Most people who hold student loans can take advantage of the student loan interest deduction. This is an above-the-line tax deduction that you can take for up to $2,500 worth of student loan ...
Here's a scary statistic: The average cost of a private, four year college is $26,273, an increase of 4.4% from last year. ... Student loan interest is generally deductible on your tax return as ...