Video: What Educational Expenses Are Tax Deductible?
Are you a student in an educational institution, or do you claim a student as a dependent who is one? The federal government supports higher education, offering many deductions for education-related expenses. Watch this video to find out more about education expenses and deductions. Note: Unless extended, the tuition and fees deduction ends with the 2020 tax year.
For tax years after 2017, the deduction for unreimbursed employee expenses, is no longer available. Learn more about tax reform here. For tax years after 2020, the Tuition and Fees Deduction is no longer available. Learn more about education credits here.
Video transcript:
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