Available Tuition Tax Credits and Deductions

Pearlstein, Lenore
November 2011
INSIGHT into Diversity;Nov2011, p9
The article provides information on the tax benefits available to the students, parents and educators in the form of tuition tax credits, American Opportunity credit, lifetime learning credit and tuition deductions in the U.S. It is stated that, for the eligibility of a student to claim the credit and deduction, the student has to be independent for its earnings. A table is presented which lists the information on the American Opportunity Credit and Lifetime Learning Credits.


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