TaxAudit Blog

Category: Education

student loans

Yes, you can deduct student loan interest on your tax return if you meet the specific requirements to claim this deduction. The amount you can claim will vary.

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Magnifying glass over tax forms with crime scene tape

You can reduce your risk of falling victim to scammer's schemes by developing a basic understanding of what the IRS can and cannot do.

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Graduation Hats

For the American Opportunity Credit, a student is required to be in pursuit of a degree or recognized education credential and be enrolled at least half-time

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books

Are Education Tax Credits Available When the Education Expenses are Covered by a Scholarship or Grant?

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stacked books, diploma, and graduation hat

Since 2008, college costs in the U.S. have risen 30%.Many folks' salaries are not keeping pace.

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boy with glasses thinking

In the Fall my son will go to college and I will be paying his tuition. Can I still claim Head of Household status for my taxes while he is attending college?

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Students wearing graduation hats

With the costs of obtaining a Master of Business Administration skyrocketing, often costing up to $80,000, you might be wondering, is my MBA tax deductible?

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books, diploma, and graduation hat

If you have started a family, you know there are many things to take into consideration, including planning for your child’s education. 

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Nurse helping woman

My wife is a nurse, but she does not have a degree. She is interested in taking classes to get a BSN degree - a bachelor of science in nursing.

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stacked books, diploma, and graduation hat

We adopted our grandson three years ago - he is now a freshman in high school. When he goes to college, will his tuition be tax deductible? 

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