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Questions and Answers containing Lifetime Learning Credit

Can I deduct higher education expenses from my income even if I don’t itemize deductions?

This is a case where Congress saw the light and didn’t let a good tax break die unnecessarily.

On your 2008 and 2009 returns, you can deduct up to $4,000 of college tuition and related fees from your taxable income, whether or not you itemize your deductions.

Congress renewed the break in late 2008.

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