Tax Benefits for Education
The tax code provides a variety of tax incentives for families who are saving for, or are already paying, higher education costs or are repaying student loans. Information on educational tax benefits can be found in IRS Publication 970. The most current version of the form can be found at the IRS website Tax Benefits for Education Information Center.
The University of Colorado is not qualified to provide legal and/or tax advice. The information provided may or may not reflect recent revisions in IRS regulations. For tax advice on your specific situation, contact a tax professional. For additional information regarding the education tax credits you can call the IRS at 1-800-829-1040. You can also refer to Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits) for more information regarding how to calculate and claim the education tax credit and the loan interest deduction.