Tuition and Fees Deduction

Tuition and Fees Deduction

The Tuition and Fees Deduction is a tax deduction for qualified education expenses paid for higher education. This deduction allows students or their families to reduce their taxable income by up to $4,000 for eligible tuition and fees incurred during the tax year.

To qualify, the taxpayer must have paid tuition and fees for themselves, their spouse, or their dependents at an eligible postsecondary institution. The deduction is available for qualified expenses incurred for a degree, certificate, or other recognized educational credential. It is important to note that this deduction is subject to income limitations and cannot be claimed if the taxpayer is also claiming other education-related tax credits for the same expenses.