Education Tax Incentives
The federal government has created several tax benefits for families who are saving, or already paying, for higher education. There are also benefits for people who are repaying student loans. The National Association for Student Financial Aid Administrators (NASFAA) provide an excellent resource explaining the benefits and qualifications for each tax relief program. Visit their website at http://www.irs.gov/individuals/article/0,,id=96341,00.html.
For more information on these programs contact your accountant or you may telephone the IRS Office of Public Liaison at 202-622-2970 or visit the website at www.irs.gov.
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