Tuition and Fees Deduction
Taxpayers can reduce income subject to tax by up to $4,000 for tuition and related expenses. Qualifying expenses are the tuition and fees required for enrollment or attendance at an eligible college, university, or vocational school. These expenses must have been incurred by the taxpayer, the taxpayer's spouse, or the taxpayer's dependent.
The deduction is not available to single taxpayers with adjusted gross incomes exceeding $65,000, married taxpayers filing jointly with adjusted gross incomes exceeding $130,000, or for married taxpayers filing separately.
If your modified adjusted gross income (MAGI) is not more than $65,000 ($130,000 if you are married filing jointly, your maximum tuition and fees deduction is $4,000). If your MAGI is larger than $65,000 ($130,000), but is not more than $80,000 ($160,000 if you are married filing jointly), your maximum tuition and fees deduction is $2,000. No tuition and fees deduction is allowed if your MAGI is larger than $80,000 ($160,000).
To claim this deduction, taxpayers must file federal tax form 1040; however, itemizing deductions is not a requirement.
Visit the IRS Web site for additional information.