Sentences with phrase «than a tuition deduction»

These credits provide greater tax savings than a tuition deduction since they reduce your tax bill on a dollar - for - dollar basis.

Not exact matches

A for - profit network of schools and the family behind it have agreed to pay the state more than $ 4.3 million in a settlement after having spent state funds, intended to pay for special education preschool, on credit card bills, maintenance of a boat and a son's law school tuition, as well as claiming false tax deductions.

Stating that allowing parents to use their 529 savings for K - 12 tuition «will erode the tax base that funds public schools» when it will benefit many middle class New Yorkers already taking a 2018 hit with lost state and local deduction opportunities; when the real world state budget impact is demonstrably negligible; and in a state that already spends more per public school pupil than any other — is simply poor public education.

It's better for college students When it comes to student loan interest deduction and tuition waivers, the Senate tax legislation is a better deal for college students and college graduates than the House version.

For example, it's perfectly legal and reasonable to pay college tuition expenses with a student loan rather than a credit card for no reason other than to take advantage of the student loan interest deduction.

However, if you do not qualify for any of the credits above, the tuition and fees deduction is certainly better than nothing.

Why choose a 529 savings plan: You can contribute more than $ 2,000, you want to save for college costs beyond tuition, you value the tax deduction offered by your state (if applicable), and you don't mind the limited investment choices.