Educational Tax Benefits

Hope Tax Credit
First two years of college; $1,650 maximum deduction per student.

Lifetime Learning Tuition Tax Credit
Students beyond the first two years of college; $2,000 maximum deduction.

Tuition and Fee Deduction
Income subject to tax may be reduced up to $4,000.

Student Loan Interest
Interest paid in repayment of education loans may be deducted from income up to $2,500.

Education Savings Account
$2,000 annual contribution limit per beneficiary; earnings accumulate tax free; no taxes due upon withdrawal for college expenses.

For more information about tax benefits click here.