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College and Education Tax Tips

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Deduction for Higher Education
The Tuition and Fees Deduction expired at the end of 2017. It allowed you to deduct up to $4,000 from your income for qualifying tuition expenses paid for you, your spouse, or your dependents. Read more…

Video: What Is a 529 Plan Contribution?
A 529 plan contribution is a way to save some money on taxes through contributions to an account that can be used for education expenses. Get the facts on a 529 plan contribution with help from TurboTax in this video on tax tips. Read more…

Video: What Educational Expenses Are Tax Deductible?
Are you a student in an educational institution, or do you claim one? The federal government supports higher education, offering many deductions on education-related taxes. Watch this video to find out more about education expenses and deductions. Note: The tuition and fees deduction ends with the 2017 tax year. Read more…

What is IRS Form 1099-Q?
If you're paying for school expenses from a 529 plan or a Coverdell ESA, you will likely receive an IRS Form 1099-Q, which reports the total withdrawals you made during the year. Read more…

Are College Entrance Exams Tax Deductible?
The fees for taking SAT, ACT and other college entrance exams are not tax-deductible, but the federal government does allow a number of educational deductions and tax credits. Find out more about these educational deductions and credits and how they can benefit you. Read more…

More College and Education Articles

About Student Loans and Tax Credits What Is the Lifetime Learning Tax Credit? Information on 529 Plans Guide to Tax Form 1098-T: Tuition Statement Taxes for Grads: Do Scholarships Count as Taxable Income? What is a 1098-E: Student Loan Interest Cash for College: Tax-Free 529 Plans What Is the American Opportunity Tax Credit? Tax Tips for New College Graduates Do You Have to Claim Pell Grant Money on Your Taxes? Video: Tax Tips for Teachers Sending Kids to College Tax Deductions for Voluntary Interest Payments on Student Loans Are Contributions to Nonprofit Schools Tax Deductible? What is the Educator Expense Tax Deduction? Learn About the New College Tax Credit What is Form 1098-E: Student Loan Interest Statement? Video: Guide to IRS Form 1098-T Tuition Statement Can I Deduct My Computer for School on Taxes? Video: Tax Tips for Students Tax Tips for Teachers: Deducting Out-of-Pocket Classroom Expenses What Is the IRS Form 8863? Guide to IRS Form 1099-Q: Payments from Qualified Education Programs What Are Education Tax Credits? The Lowdown on Education Tax Breaks Video: Top College Tax Deductions and Credits How to Calculate Your Lifetime Learning Tax Credit on IRS Form 8863 Video: What Is the Lifetime Learning Tax Credit? Tax Tips When Sending Kids to Private or Public Schools Take Advantage of Two Education Tax Credits How to Report FAFSA College Money on a Federal Tax Return Bigger, Better College Tax Credit Are Contributions to School District Programs Tax Deductible? What Is IRS Form 8917?
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