Financial Aid Services Center

Tax Benefits

When considering the cost of higher education and the resources available to meet the cost, take into account the tax-related benefits available to you. Benefits include tax credits and tax deductions including the American Opportunity Tax Credit, the Lifetime Learning Credit, Tuition and Fees Deduction, and the Student Loan Interest Deduction. See IRS Publication 970 for details and eligibility criteria for credits and deductions.

The IRS also has a helpful comparison chart showing the differences between the American Opportunity Tax Credit, the Lifetime Learning Credits, and the Tuition & Fees Deduction.

The IRS Form 1098-T Tuition Statement is a key document for determining eligibility for higher education tax benefits. The WWU Student Business Office website provides information about how and when students receive their 1098-T.

Check with the IRS or a tax advisor for additional information or if you have questions about tax benefits related to educational expenses.