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It has everything you would want from a large city, including indie and eclectic options all around.Different rules apply to each credit and the ability to claim the credit phases out at higher income levels.If you don’t qualify for the credit, you may be able to claim the “tuition & fees deduction” for qualified educational expenses.You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. You may be able to deduct interest you pay on a qualified student loan.The deduction is claimed as an adjustment to income so you do not have to itemize your deductions on Schedule A Form 1040.
You may be able to claim an American Opportunity Credit (formerly called the Hope Credit) or Lifetime Learning Credit for the qualified tuition and related expenses of the students in your family (i.e.