There are two tax credits available to offset the costs of higher education by reducing the amount of your income tax:
The requirements for using these credits vary. Theto use the credits and to what extent they may be used is based on your citizenship, filing status, and level of income, among other factors.
The IRS allows additional educational deductions outside of these two credits. For more information, see. Note that this link may not contain information about the newest Tax Cuts and Jobs Act passed in December 2017.
Note: Cornell can not act as a personal tax consultant. The contents of this page are for informational purposes only. All U.S. citizens and foreign national visitors to the U.S. are personally responsible for knowing the tax laws and how they pertain to him/her individually.