Fact Sheets
In recent years, Congress has passed a series of tax incentives to help families meet higher education costs. Some of the incentives are provided when a child is in school and bills are due, while others come through savings plans before children begin college. The various incentives are complicated, with details of one affecting details of another.
More information:
- Investment Strategy: Dollar-Cost Averaging
- Tax benefits for tuition costs - FAQs about American Opportunity tax credit (formerly the Hope credit), the lifetime learning tax credit, and the tuition and fees tax deduction.
- Education loan interest deductions - FAQs about tax deductions for interest paid on certain student and parent loans.
- Tax breaks for college (chart)
