In August of 1997,
the Taxpayer Relief Act was signed into law. IRS Publication
970 "Tax Benefits for Higher Education” explains
the various tax benefits and credits for individuals and family
members continuing their education.
Consult a tax advisor or financial planner to discuss the advantages
and disadvantages of each tax benefit for your family’s
situation, if needed. Download a copy of IRS
Publication 970 or call the IRS at 800-829-3676 (voice).
Publication 970 explains in detail the following tax benefits