Tax Savings

There are both state and federal government tax benefits that help make higher education affordable. You may qualify for one or more of these tax savings.

529 Plans — Qualified State Tuition Programs

GA College Savings Plan offers multiple investment options with varying degrees of risk and potential rates of return. Nearly anyone can set up accounts and the earnings are tax-free when used to pay for education expenses. You can use the funds to pay educational expenses at almost any college in the country. Funds not used by the designated student can be transferred to another person. Learn more about why Georgia's College Savings Plan is a great way to save for college!

Hope Credit

This credit provides for up to $1,500 per student per year in tax reductions. Read more about this tax credit here.

Lifetime Learning Credit

Students who are enrolled at least part-time may be eligible for this credit of up to $2,000 per year. Learn more about the Lifetime Learning Credit.

Student Loan Interest Deduction

Taxpayers who have taken loans to pay the cost of attending a postsecondary institution (for their spouse, dependent, or self) may deduct the interest they paid on the education loan(s). Click here for more information on who qualifies for this deduction.

Employer-Provided Educational Assistance

Employers may pay for college courses taken by their employees and the benefit is tax-free to employees! To learn more, click here.

Tax Deduction for Higher Education Expenses

Since 2002, taxpayers with qualifying incomes may take deductions for higher education expenses. Click here for details on income qualifications and deduction amounts.

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Create an Account Log On My 411 Paying for College Repayment Guide Scholarships & Grants Savings Programs Tax Savings Federal Hope Credit Lifetime Learning Credit Student Loan Interest Deduction Employer Provided Education Assistance Higher Education Expense Deduction Loan Programs Tools & Calculators Publications & Forms Ask an Expert	Tax Savings There are both state and federal government tax benefits that help make higher education affordable. You may qualify for one or more of these tax savings. 529 Plans — Qualified State Tuition Programs GA College Savings Plan offers multiple investment options with varying degrees of risk and potential rates of return. Nearly anyone can set up accounts and the earnings are tax-free when used to pay for education expenses. You can use the funds to pay educational expenses at almost any college in the country. Funds not used by the designated student can be transferred to another person. Learn more about why Georgia's College Savings Plan is a great way to save for college! Hope Credit This credit provides for up to $1,500 per student per year in tax reductions. Read more about this tax credit here. Lifetime Learning Credit Students who are enrolled at least part-time may be eligible for this credit of up to $2,000 per year. Learn more about the Lifetime Learning Credit. Student Loan Interest Deduction Taxpayers who have taken loans to pay the cost of attending a postsecondary institution (for their spouse, dependent, or self) may deduct the interest they paid on the education loan(s). Click here for more information on who qualifies for this deduction. Employer-Provided Educational Assistance Employers may pay for college courses taken by their employees and the benefit is tax-free to employees! To learn more, click here. Tax Deduction for Higher Education Expenses Since 2002, taxpayers with qualifying incomes may take deductions for higher education expenses. Click here for details on income qualifications and deduction amounts.
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GAcollege411 Partners Copyright © XAP Corporation. All rights reserved. XAP and Mentor are registered trademarks of XAP Corporation. Reg. U.S. Pat. & TM Off. Use of this website constitutes acceptance of the XAP Terms of Use and Privacy Policy .