Hope Scholarship Credit
|
| This credit provides for up to
$1,500 per student per year in tax reductions. Read
more about this tax credit here. |
| |
Lifetime Learning Credit
|
| Students who are enrolled at
least part-time may be eligible for this credit of up to $1,000
until the year 2002, then $2,000 per year afterwards. Learn more about the Lifetime
Learning Credit. |
| |
Student Loan Interest Deduction
|
| 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. |
| |
Employer-Provided Educational Assistance
|
| Employers may pay for college
courses taken by their employees and the benefit is tax-free to
employees! To learn more, click
here. |
| |
Tax Deduction for Higher Education Expenses
|
| Beginning in 2002, taxpayers
with qualifying incomes may take deductions for higher education
expenses. Click here for
details on income qualifications and deduction amounts. |
