Tax Credit for Education

The Taxpayer Relief Act of 1997 created several programs that reduce income tax liability for students and parents who are paying for college.

• HOPE Scholarship
• Lifetime Learning tax credit
• Student Loan interest deduction

For general information about these programs, refer to:

• National Assoc. of Student Financial Aid Administrators
  

For detailed information about these programs, refer to:

• IRS Publication #970
  Tax Benefits for Higher Education