Education

TurboTax automatically checks for any education deductions or credits you may be eligible for. However, the IRS only lets you take one education credit or deduction.

You may qualify for the American Opportunity Credit, Lifetime Learning Credit, or the tuition and fees deduction, but Education Optimizer in the TurboTax program determines which break would benefit you most. For more information about each, please see:

• What are Education Tax Credits?
• Who is eligible to take the American Opportunity Tax Credit?
• Who is eligible for the Lifetime Learning Credit?
• What is the tuition and fees deduction?