Governmental Regulations

The Taxpayer Relief Act of 1997 created several new tax benefits for families who are saving for, or already paying, higher education costs or are repaying student loans.

A few of the benefits provided by this Act include the Hope credit, Lifetime Learning credit, and a student loan interest deduction.

The information provided is not intended as legal or tax advice. Individuals should obtain IRS Publication 970, Tax Benefits for Higher Education, or contact a tax practitioner about personal income tax situations.

Click on the following for more information on:

Hope Credit
Lifetime Learning Credit
Student Loan Interest Deduction
IRS and Department of Education Links