Above-the-Line Tuition and Fees Deduction Reinstated for Tax Year 2010

The above-the-line deduction for qualified tuition and related expenses for higher education has been extended under the 2010 Tax Relief Act.

Prior to the passage of the 2010 Tax Relief Act, this deduction was not available for tax years after 2009. Under the new tax act, this deduction is now extended to tax years 2010 and 2011.

For more information on the tuition and fees deduction and education credits, click here.

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