Tax Benefits for Education

Have you read all the news articles about the increase in college enrollment? Well here’s an article from IRS that’s helpful if you are one of the many parents that are or will soon be paying for your child’s higher education.

The IRS has placed a new Tax Benefits for Education section on includes tips for taking advantage of long-standing education deductions and credits. The “one-stop” location for higher education information includes a special section highlighting 529 plans and frequently asked questions.