There are a couple of tax credits, but the only deduction available to students for education expenses is the student loan interest deduction. If you meet the requirements, you may be able to deduct up to $2,500 in student loan interest per year from your taxable income without itemizing your deductions.

You may qualify for the student loan interest deduction if…

  • You’ve paid interest on a qualified student loan.
  • Your filing status is not Married Filing Separately.
  • Your MAGI (modified adjusted gross income) is within the limits set each year by the IRS.

Unfortunately, tax laws have changed, and employee work-related education expenses, fees, and tuition are no longer tax deductible. However, you may still be able to take advantage of valuable tax credits, like the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC).

Don’t miss a single tax benefit available to you. Start planning for your biggest tax refund with your local Tax Pro today! Book your appointment now.

Sharon Brucker, CPA Senior Tax Research Analyst Published on: August 07, 2025
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*This content is for general informational purposes only. It is not intended to be comprehensive and should not be construed as professional tax or financial advice for any specific individual tax situation. Taxpayers should always consult a qualified professional for individual guidance. This information constitutes a solicitation under the Treasury Department's Circular 230. Most offices are independently owned and operated.