This article has been updated for the 2021 and 2022 tax year. Many readers of this site are completing school for the first time or plan to go back to school to further their education. So, I’ve compiled a list of education tax credits and deductions and updated for 2021 for those completing their tax returns and looking ahead to 2022. There are some notable changes, with recent legislation. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 repealed the tuition and fees deduction for tax years beginning after 2020, in exchange for increased income limitations for the Lifetime...
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[Read the rest of the story at 20somethingfinance.com]