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2012 Tax Breaks for Higher Education

March 19, 2013

There's great news for parents and students: the federal government provides a number of tax incentives that can help defray the cost of higher education. These incentives come in a couple of forms: Tax Credits, which directly reduce the amount of tax you are liable for; and Tax Deductions, which reduce the amount of income on which you pay taxes.

NASFAA's annual guide to federal tax benefits for higher education gives you an overview of all the options that may be available to you.

2012 Tax Breaks for Higher Education