What Tax Benefits and Credits are Available for College Students?

This video is an overview of all of the tax benefits, deductions, and credits available to college students. These benefits are outlined in Publication 970. Some of the most valuable benefits, such as the American Opportunity Tax Credit, are regularly claimed incorrectly by students and their tax advisors, especially when the student received scholarships or grants. Please refer to these videos for more information about how to correctly claim this valuable credit when you have scholarships or grants: What to do with a Form 1098-T    • Tax Help: What is the 2020 Economic Impact...   Costly Tax Filing Mistake: Not using your Form 1098-T    • Costly Tax-filing Mistake #2: Failing to u...   Costly Tax Filing Mistake: Claiming a Partial American Opportunity Credit    • Costly tax-filing mistake #3: Claiming a P...   Costly Tax Filing Mistake: Relying on TurboTax or other CPA Software    • Costly Tax-Filing Mistake #5: Relying on T...