Making college more affordable: the education provisions of the Taxpayer Relief Act of 1997 can help

The Taxpayer Relief Act of 1997 has substantially expanded the availability of educational tax benefits particularly to middle and lower income taxpayers. Some of the benefits are mutually exclusive and phase-ins and other adjustments must be weighed before choices are made by those to whom the bene...

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Bibliographic Details
Published inJournal of accountancy Vol. 185; no. 3; pp. 37 - 41
Main Author Bryant, Jeffrey J
Format Magazine Article
LanguageEnglish
Published American Institute of CPA's 01.03.1998
Subjects
College costs
Higher education costs
Laws, regulations and rules
Tuition tax credits
United States
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Summary:The Taxpayer Relief Act of 1997 has substantially expanded the availability of educational tax benefits particularly to middle and lower income taxpayers. Some of the benefits are mutually exclusive and phase-ins and other adjustments must be weighed before choices are made by those to whom the benefits are available. The credits and deductions include the education IRA, educational loan interest deduction, lifetime learning credit, and the Hope scholarship.
ISSN:0021-8448
1945-0729