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What are the exemptions from income tax?
Yes, are there any exemptions available for educational expenses?
Yes, there are some education-related tax benefits available for both students and their parents. For example, the American Opportunity Tax Credit can provide up to $2,500 per year per eligible student for the first four years of college. In addition, there are several other education-related tax breaks, such as the Lifetime Learning Credit, which can provide up to $2,000 per year for tuition, fees, and other educational expenses. Do you have any other questions on this topic, or is there anything else I can help you with?