Tax deductions for college

Don’t miss out on taking advantage of these tax deductions when sending your kids to college!

The American Opportunity Tax Credit: a credit of up to $2,500 per student for tuition and fees, books, supplies and equipment

Lifetime Learning Credit: taxpayers may be able to claim a credit of up to $2,000 per tax return for college tuition, fees and supplies paid directly to the educational institution

Tuition and Fees Deduction: this allows you to deduct up to $4,000 from your taxable income for college expenses