Tax Information for Students
Education tax credits can help offset those costs. The American Opportunity Credit and the Lifetime Learning Credit are education credits you can subtract in full from your federal income tax, not just deduct from your taxable income.
An informational portal providing answers for students on preparing for education, choosing a school, applying for admission, financial aid and more.
The roots of the IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income tax to pay war expenses.
Tax Answers and Help
The IRS has a variety of resources that may answer many of your tax filing questions. Before you go anywhere else, look here for the source that may help you.
Interactive Tax Assistant (ITA)
The ITA tool is a tax law resource that takes you through a series of questions and provides you with responses to tax law questions.