Bachelor's Degree. Earning a bachelor's degree in early childhood education can qualify you to teach preschool through third grade. Through bachelor's degree programs, you take early childhood development courses, such as child behavior and cognitive development, and gain experience with student teaching.
Expenses for tuition, registration fees, and other required fees are qualifying expenses for the Tuition and Fees Tax Deduction. Do not include the cost of books, supplies, software, room and board, or other miscellaneous expenses for schooling. Qualifying expenses are reported to you and to the IRS using Form 1098-T. Limits The maximum amount of tuition and fees deduction you can claim is $4,000 per year. If your income is over $65,000 but under $80,000 (unmarried), then the maximum amount you can deduct is $2,000.
Up to $4,000 Tax Deduction Per Return. The tuition and fees deduction allows you to take up to $4,000 off your taxable income per year. You can deduct tuition, fees, and required expenses paid to qualified educational institutions, and you do not have to itemize your deductions to receive this benefit. The expenses must be paid for you, your spouse, or your dependents. There is no limit on how many years you can take this deduction.