Commonly overlooked tax deductions

Tuition and fees You can take up to $4,000 as a deduction for qualifying educational expenses at an accredited post-secondary institution. The deduction is subject to reduction at AGI levels above $65,000 and is not available if AGI exceeds $80,000. This must be coordinated with other educational exclusions and cannot be used if you claim the Hope or Lifetime Learning credits. This deduction is available on both Form 1040 and 1040A .

Tuition and fees

You can take up to $4,000 as a deduction for qualifying educational expenses at an accredited post-secondary institution. The deduction is subject to reduction at AGI levels above $65,000 and is not available if AGI exceeds $80,000. This must be coordinated with other educational exclusions and cannot be used if you claim the Hope or Lifetime Learning credits. This deduction is available on both Form 1040 and 1040A.

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