KrisD15
Expert Alumni

Education

It is the name of a deduction. It covers higher education expenses and allows you to possibly deduct a percentage of your education costs from your income before your tax liability is factored. 

You would normally receive a 1098-T from the school you attended which reports the tuition and fees which were paid to the school. 

 

You may click the link below to learn more: 

 

IRS Pub 970

 

 

 

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