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Tax Tips Home and Family Taxes Deduction for Higher Education Expenses | Deduction for Higher Education Expenses |
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The tuition deduction ? which allows qualifying
taxpayers to deduct $2,000 or $4,000 of qualifying
tuition expenses ? is on the books for 2006 and 2007.
The deduction helps subsidize post-high school education
expenses you pay for you, your spouse, or your
dependents. Before you use this deduction, however,
check out the two tax credits available for college
tuition. They have stricter income limits to qualify,
but the credits are more valuable.
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OMB Control Numbers
The Disclosure, Privacy Act, and Paperwork Reduction Act Notice for the
IRS Form 1040 states in part:
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
control number.
The fact that such a warning is printed on the IRS Form 1040
IRS Form 1040 states in part:
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
control number.
The fact that such a warning is printed on the IRS Form 1040
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