Education

For those unfamiliar with the workings of the tax form the tax terminology is very confusing.  The Tuition & Fees DEDUCTION is a subtraction from INCOME.  That apparently has gone away for 2017 returns.  American Opportunity & Lifetime Learning are CREDITS applied to TAX that has been calculated on the return.  Even if the Tuition & Fees DEDUCTION has gone away, the Tuition & Fees you paid can still be used to calculate the Am. Opportunity or Lifetime Learning CREDIT on your return, if you qualify.  The words "deduction" and "credit" are usually 2 completely separate calculations on a tax returns.  Then throw in the word "adjustment" - won't go there today!  Still confused?  So are many of us - so we keep our references close at hand!