Education Credits
3 articles
Articles in Education Credits
2020 and prior: Form 8917 - Tuition and Fees Deduction
The Tuition and Fees Deduction has been suspended for tax years after 2020.
Education Credits and Deductions (Form 1098-T)
Education tax credits help offset the expenses of higher learning by reducing the tax an individual would owe the IRS and may increase their refund if they have no tax liability.
Form 8867 - Due Diligence for Claiming the American Opportunity Tax Credit
For each student who qualifies for the American Opportunity Tax Credit (AOTC), the taxpayer may be able to claim a credit of up to $2,500 for the adjusted qualified education expenses.