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“years of college. It is calculated as 100 percent of the first $2,000 you pay for eligible expenses, plus 25 percent of the next $2,000 of eligible expenses. Eligible expenses include tuition, fees and books (room and board doesn't count). It's a credit, rather than a deduction, which means that…” quote by Anonymous
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““years of college. It is calculated as 100 percent of the first $2,000 you pay for eligible expenses, plus 25 percent of the next $2,000 of eligible expenses. Eligible expenses include tuition, fees and books (room and board doesn't count). It's a credit, rather than a deduction, which means that it lowers your tax bill dollar for dollar. You can claim the credit by filing IRS Form 8863 with””

Anonymous

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