Can tuition deductions affect your AGI?

happymomof1
Tue, 01 Jan 2013 22:45:10 +0000

Last year I set up an Excel spreadsheet so I could make line by line comparisons between the deduction and the credit for our federal taxes, state taxes, and FAFSA. For us, the credit was optimal.

If a family is borderline for a Pell Grant, taking the deduction to reduce AGI might be advantageous. You really do need to try everything every possible way even though it is such a colossal pain to that.