College bound? The IRS has ways to save you money
Photographer: ABC15
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 08/16/2011
PHOENIX - The Internal Revenue Service has put together the Tax Benefits for Education: Information Center which has a list of money-saving tips for students or parents of student s headed off to college.
The site offers information on educational tax credits, deductions and savings plans that may be a tax benefit when paying for college expenses.
It includes qualified educational expenses and whether or not some items are deductible.
It also has a list of credits you can possibly take.
You may also be qualified to deduct tuition, fees, and student loan interests, which are mentioned on the site.
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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