2013 Tax Credits

February 3, 2014 at 3:47 pm

The federal government provides a number of tax incentives that can help lower the cost of higher education. These incentives include:

  • Tax credits directly reduce the amount of tax you pay.

  • Tax deductions reduce the amount of your income that is taxed.

You may qualify for more than one of these incentives, but there are some restrictions. Here's a guide from National Association of Student Financial Aid Administrators (NASFAA) to help you navigate the different tax credits available to families.