5+ Tax Deductions and Credits for College Students to Save Money
The federal government does incentivize continuing education through tax deductions and credits.
Tax Deductions and Credits for College Students to Save Money
This one lowers your tax bill on a dollar-for-dollar basis, but only one can be claimed.
Lifetime Learning Credit
You can deduct the interest paid as part of your student loan payments
Student Loan Interest Deduction
If you aren’t claimed as a dependent on someone’s tax return in 2020, and you didn’t receive a check, you could claim it.
Recovery Rebate Tax Credit
The tax code awards this behavior by offering you the ability to deduct your contributions from your taxable income
Retirement Account Contributions
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