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IRS Information
Important Information as you prepare to file your Free Application for Federal Student Aid (FAFSA):

Internal Revenue Service

Follow this link to view the website of the Internal Revenue Service

Education Savings Bonds Programs

You might be able to exclude interest income from savings bonds used to pay for college

Taxpayer Relief Act of 1997

Tax Incentives for Higher Education Expenses

Lifetime Learning Credit

Are you able to take a Lifetime Learning Credit? Find out here.

Hope Tax Credit

You may be able to claim a Hope credit of up to $1,500 for qualified education expenses paid for each eligible student

Student Loan Interest Deduction

A thorough definition of the Student Loan Interest Deduction

Employer-Provided Educational Assistance

You may be able to exclude up to $5250 of benefits received under an educational assistance program through your employer.

Withdrawals from IRAs

Withdrawals from your IRA for qualified higher education expenses may be exempt from additional tax.

Tax Law Changes

Important Tax Law Changes for Individuals