As the cost of higher education continues to rise, many students can use all the financial breaks they can get.
One source of assistance is the federal tax code, which has a tuition and fees deduction, as well as tax credits for higher education.
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A variety of websites feature information about various federal tax benefits for students. Here are a few:
Efile.com » Provides a range of information about various education tax credits and deductions, at www.efile.com/student-tax/
CollegeBoard » Spotlights the breaks associated with college tuition tax credits, at http://bit.ly/b8Mws
Federal Tax Credits » Covers rules associated with education credits, at http://bit.ly/z3TIjp
Internal Revenue Service » Serves up details on the two key federal tax education credits, The American Opportunity Credit and Lifetime Learning Credit, at www.irs.gov/publications/p17/ch34.html
UncleFed’s Tax Board » Highlights education and work-related expense deductions, at http://bit.ly/yaynEd
McClathchy-Tribune News Service
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