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  2. Are College Tuition and Education Expenses Tax-Deductible?

    www.aol.com/college-tuition-education-expenses...

    Tuition always counts as a qualified expense as long as you’re paying it — if it’s paid by a tax-free scholarship, grant or fellowship, those costs don’t qualify for the tax deduction. Non ...

  3. Are 529 College Savings Plans Tax Deductible?

    www.aol.com/529-college-savings-plans-tax...

    The average cost of tuition and fees at four-year private colleges and universities has grown from $34,970 for the 1994-1995 school year to $58,600 for 2024-2025, according to CollegeBoard.

  4. Is Private School Tuition Tax Deductible?

    www.aol.com/private-school-tuition-tax...

    If you pay someone else's tuition and fees as a gift, you should be aware that the educational expense gift tax exclusion limit per year to any single individual — in this case, your child ...

  5. 529 plan - Wikipedia

    en.wikipedia.org/wiki/529_plan

    529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...

  6. Unrelated Business Income Tax - Wikipedia

    en.wikipedia.org/wiki/Unrelated_Business_Income_Tax

    The university is a tax-exempt organization, and its pizza parlor generates unrelated business income. While the tuition and fees generated by the university are tax exempt, its income from the pizza parlor is not tax-exempt because the pizza parlor is unrelated to the university's educational purpose.

  7. Tax Breaks Every College Student (and Parent) Should Know About

    www.aol.com/news/2012-07-13-college-tuition-tax...

    The Lifetime Learning Credit pays back 20% of tuition and fees up to $10,000, making the maximum credit $2,000 per student. ... whereas a deduction only reduces the income on which your tax is ...

  8. American Opportunity Tax Credit - Wikipedia

    en.wikipedia.org/wiki/American_Opportunity_Tax...

    This tax credit is subject to a phase-out for taxpayers with adjusted gross income in excess of $80,000 ($160,000 for married couples filing jointly). The act directs several Treasury studies: Coordination with non-tax student financial assistance;

  9. Is College Tuition Tax Deductible?

    www.aol.com/finance/college-tuition-tax...

    Learn the education tax credits that could reduce your taxes.

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