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A Guide to Educational Tax Credits and Deductions


A Guide to Educational Tax Credits and Deductions
Kimberly Lankford
© (Getty Images)
Cropped shot of an attractive young woman going through paperwork while doing her budget at home
College is expensive, but several valuable tax breaks can help ease the pain. You may be able to cut your tax bill by up to $2,500 if you re paying college tuition, and you may even get tax credits to help cover the cost of continuing education classes to improve your job skills. Interest you pay on student loans may be tax-deductible, and you can use tax-advantaged savings to pay for a computer or private school, in addition to college costs. Recently expanded benefits can help families with new education needs because of the coronavirus pandemic, and some strategies can help you make the most of these tax breaks to stretch your savings. ....

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Treasurer Davis Named to National Board to Help Families Save for Education


The College Savings Plans Network (CSPN) has nominated and confirmed Delaware State Treasurer Colleen Davis to its Executive Board. An affiliate of the National Association of State Treasurers (NAST), the CSPN brings together state officials who administer 529 savings plans which offer federal and state tax benefits for people to save for a child’s education. The group offers convenient tools and objective, unbiased information to help families make informed decisions about education savings.
“The cost of a quality education can take a major toll on families and that’s why I’m honored to be part of a group that can truly help,” said Treasurer Davis. “Our goal is to create awareness, understanding, and use of 529 plans to empower families to save for education.” ....

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