Tuition Tax Credit

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Tuition Tax Credit

Any direct, dollar-for-dollar reduction in one's tax liability based on tuition paid for higher education. Common examples include the Hope Tax Credit and the lifetime learning credit.
References in periodicals archive ?
I don't object to your publication of his letter, but you did your readers a disservice by not identifying him as someone who has for decades framed much of his professional life around his public opposition to tuition tax credits or vouchers for religiously run schools.
Vouchers or tuition tax credits are under consideration in at least seven states, and measures that would open the door to creationism in public schools are pending in Indiana and Montana.
ICSCR provides a framework for assessing evidence on the effects of different forms of educational choice, including magnet and charter public schools, controlled choice and inter-district transfer programs, vouchers, tuition tax credits, homeschooling, on-line education and the direct public funding of private schools provided in many countries.
There is not much agreement on the original or current purpose of education and tuition tax credits.
Tuition tax credits also have the potential, proponents say, to save states money by moving students from public to private schools, as long as the savings from the shift is greater than the cost of the tax credit.
Bishop Placido Rodriguez of Lubbock called for increased school choice and tuition tax credits for poor parents who want to educate their children in parochial schools.
In the speech, Obama outlined plans to double the number of college work-study slots, reduce student loan interest rates, extend college tuition tax credits and help community colleges become regional career centers.
Vedder, director of the Center on College Affordability and Productivity and author of Going Broke by Degree: Why College Costs Too Much (AEI Press, 2004), further observed: "When the feds created tuition tax credits in the late 1990s, I called it the 'faculty salary enhancement act,' since colleges could capture much of the lax break by raising tuition fees and then used some of the money to reward their staff.
Increases in Pell Grants, Federal Work Study, and tuition tax credits will help.
Kevin Welner, a professor at the University of Colorado at Boulder who specializes in small school reforms, tuition tax credits and vouchers, says 100,000 K12 students nationwide are currently having their private educations funded at least in part by neovouchers, compared to about 50,000 on regular vouchers.
Though community college students arguably need more financial help than any other group of students, many federal tuition tax credits are not reaching them, according to a recent heating in front of the Senate Finance Committee.
You can still use the tuition tax credits to reduce the amount of taxes payable on other income or transfer it to parents or spouses who have taxable income.