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The Internal Revenue Code offers two federal income tax credits for post-secondary education expenses: the American Opportunity credit, and the Lifetime Learning credit. (See “The Basics of Higher Education Credits” at right.) While these credits aren’t new, you...

Attending college or graduate school is one of the biggest investments you’ll ever make — and spring is the time schools normally announce who’s in and who’s out. If you or your child (or grandchild) plans to attend an institution of higher learning in the fall,...

Tax credits can be especially valuable because they reduce taxes dollar-for-dollar; deductions reduce only the amount of income that’s taxed. A couple of credits are available for higher education expenses: The American Opportunity credit — up to $2,500 per year per student for...