Tuition and Fees Deduction
The Tuition and Fees deductions may reduce your tax liability by up to $4000 dollars. The tuition and fees deduction is based on qualified education expenses you pay for yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Generally, the deduction is allowed for qualified education expenses and must meet the following conditions: You pay qualified education expenses of higher education; You pay the education expenses for an eligible student; The eligible student is yourself, your spouse, or a dependent for whom you claim an exemption on your tax return.
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