John M. Hoffman CPA

Frequently Asked Tax Questions

Education Deductions and Credits

There are multiple opportunities for tax relief related to expenses for higher education. Unfortunately many of these opportunities have income limits that prevent upper middle income and higher taxpayers from such relief.

Don’t forget that you can not double dip on these deductions and credits, meaning that if you use certain expenses for one tax benefit item, you can not use the same dollars for a different benefit.