
Class is in session! It’s time to
learn how education tax credits Can help pay for higher education. Visit
irs.gov/education for more information. There are two education tax credits that can
help offset the cost of higher education: The American Opportunity Tax Credit
and the Lifetime learning credit. These can help if you’re heading to college, Getting specialized job training,
or going to grad school. These two tax credits can
cover your education costs As well as your spouse's or dependents' costs. One way to find out if you qualify
for either of these credits, Is to use the Interactive Tax Assistant
on the IRS website at irs.gov/ita. To be eligible to claim either of these credits, You, your spouse or your dependent
must have received a Form 1098-T from An eligible educational institution. There are
exceptions to this requirement for some students. To claim either credit, you must complete
Form 8863 and file it with your tax return. For more information about
these education tax credits, Including eligibility rules for
both, refer to irs.gov/education.