Tuition and Fees Deduction
If your MAGI is less than $65,000 ($130,000 if Married Filing Jointly), you can deduct up to $4,000 of eligible tuition and fees. If your MAGI is between $65,000 and $130,000 ($130,000 and $160,000 if Married Filing Jointly), you can deduct up to $2,000 of eligible tuition and fees. If your MAGI is more than $80,000 ($160,000 or more if Married Filing Jointly) you can’t claim the tuition and fees deduction. </p>
<p>You can’t claim the deduction if you’re Married Filing Separately, if another person can claim you as a dependent, or if you were a nonresident alien for any part of the year (unless you elect to be treated as a resident alien). </p>
<p>You can claim the tuition and fees deduction or an education credit, but not both. Choose the benefit that results in the larger tax savings. You can’t use expenses used to figure this deduction when figuring the exclusion for savings bonds interest (discussed above) or the exclusion for distribution from a Coverdell ESA or QTP. You also must reduce the expenses used to figure this deduction by the amount of tax-free scholarships and nontaxable employer-provided educational assistance you received.
