Education tax tips

College is a time to explore your independence and expand your mind—but can also mean that you’re doing a lot of “adulting” for the first time. Part of these adult responsibilities (it isn’t all just fun) will be having to pay taxes. Whether you have a part-time job on campus or work multiple side hustles to keep cash flowing in, find out what you’ll need to know as a college student to file your taxes.  

Wondering which education tax credits you might qualify for during this year? Here are the most common education credits and deductions.

Thinking about saving for your child’s educational future with a Coverdell ESA? In this article, we break down everything you need to know, including who can contribute and how much, which education expenses qualify, how rollovers work, and so much more.

Are you a student or supporting one? You may qualify for up to $2,000 off your taxes with the Lifetime Learning Credit. In this article, you’ll learn what it is, how much it’s worth, what it covers, who qualifies, and more.

Are you an undergraduate student or a parent of one? The American Opportunity Tax Credit (AOTC) can help cover eligible educational expenses and lower the amount of tax you owe. In this article, we’ll cover everything you need to know about the AOTC, like how much it’s worth, who’s eligible, and how to calculate and claim it.

Recently received a scholarship, grant, or fellowship? Congrats! Here's what you need to know about how it may impact your taxes, including when it's taxable, what education expenses qualify, and more.

Qualified Tuition Programs (QTPs, or 529 plans) are great tools for future education savings. Learn all about these accounts, including the two types of 529 plans and what they cover, how much student loan debt you can pay off tax free, and more.

The IRS wants to reward you for all you do as a teacher and educator. Keep reading to learn more about deductions and credits you may be able to take, and how they can help you when it comes time to file your tax return.

College is costly. Even if you think you have enough money saved or have scholarships, it's still a big financial commitment. The good news is, you could qualify today for higher education expenses. Let’s answer a few of the most common questions we get about tax breaks for college expenses.

Summers go by in a flash. Before you know it, you’re spending money on back-to-school necessities. Read more to find out what education expenses are tax deductible, what tax incentives are available to save for future education, what education tax credits may be available to you, and more.

One of the hottest tax season topics surrounds student loan forgiveness. Is it taxable? Should it be reported on your income tax return?

Student loan interest getting you down? Look on the bright side, because your student loan interest may be tax deductible! Keep reading to learn about the criteria you need to meet to deduct student loan interest from your taxable income, student loan interest income limits, additional tax breaks for students, and more.

With the Lifetime Learning Credit (LLC) you can invest in the future and get rewarded with a tax break. It's a win-win. In this article, we’ll break down everything you need to know about the LLC, including what it is, who qualifies, how to calculate it, and more.

Tax law is constantly evolving and, for the most part, that’s a good thing! However, keeping up with the changes from year to year can be quite a headache, especially when you were counting on a deduction that you suddenly find out no longer exists. To help minimize confusion, we’ve compiled a list of major changes made to tax deductions in the past year.