Education Tax Benefits

This handout discusses the education tax benefits. It also provides a comparison of the education credits and discusses the education savings plans.

HIGHLIGHTS: 

  1. Deduction of education expenses.

  2. Education tax credits.

  3. Penalty-free IRA distribution for education.

  4. Education savings plans.

  5. Exclusions from gross income.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers with children in college.

  2. Taxpayers saving for college expenses.

Planning & Life Issues, Individual Income TaxClare FazackerleyTax, Education, College, Education Credit, Education Savings, Higher Education, College Expenses, Deductions