Can I get any tax benefits from the IRS in relation to educational costs?
Yes, you can use tax benefits to get some money back that was used to pay for college expenses, for example tuition costs or loan interest costs
What types of tax credits are available for higher education expenses?
There are two tax credits that can be availed of which help offset the costs involved with tuition, fees, books, supplies or equipment. Thes credits reduce the amount of income tax that you pay