So there’s much to learn about education tax benefits. For example, did you know that most stipends and some scholarships could be taxable income to the student? And are you aware of 529 education savings plans where the earnings are tax-free if used for qualified education expenses? Some states even offer tax benefits for contributing to them.
The resources below will help provide the answers you need so you can confidently file your tax returns.
BONUS: Can Debt Forgiveness Cause a Student Loan Tax Bomb?
If you need tax advice or have questions that aren't answered in the links above, please ask in our Taxes forum that best fits your needs!