Tax Credits and Benefits

To promote student and parent awareness of federal higher education tax credits and benefits, the Internal Revenue Service provides the following resources at www.irs.gov.

• IRS Publication 4772 - This flyer briefly describes The American Opportunity Tax Credit (AOTC).
• The IRS Interactive Tax Assistant - the IRS developed online questions to help taxpayers determine their eligibility for educational tax credits.
•  Education-related tax benefits of special interest:

The American Opportunity Tax Credit (AOTC)

The Lifetime Learning Credit

Above-the-line tuition deduction for qualified tuition and related expenses.