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Online Student Tax Breaks

Filed in archive Financing Education by Jamie Littlefield on March 26, 2008

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There's less than a month left to file taxes. Luckily, many filers are seeing big breaks this year. In addition to the nationwide rebate checks, most online students can apply sizable tax deductions. My About.com article, Tax Breaks for Students, explains the deductions now available. Here's a blurb:
"If you are attending an accredited university, your school will send you a 1098-T form at the beginning of each year. This record includes important tax information about your education-related expenses that the school is required to send to both the student and the IRS. Some of the information recorded includes: amounts billed for tuition and other expenses, payments received, student status, and scholarships awarded. Once you receive this information, you will be able to file for tax deductions that could save you up to $2,000, a sizable sum for most students."
Check out the full article for more details and links to IRS information.


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