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Tax Benefits for Higher Education



There are many tax benefits available to persons who are paying higher education expenses for themselves and/or qualified family members. 
Detailed information about these benefits is available from:
The National Association of Student Financial Aid Administrators NASFAA Guide to Federal Tax Benefits for Tuition and Fees, and
The U.S. Department of the Treasury Internal Revenue Service (IRS) Publication 970
Persons who wish to claim either the Hope or the Lifetime Learning Tax Credits for educational expenses must provide the government with a completed Form 1098-T to support the claim. In late January of each year, Georgetown University mails Tuition Payment Statements (Form 1098-T) to hundreds of GU students who may be eligible to claim tax credits for educational expenses.  Further information about Form 1098-T can be obtained from the GU Office of Student Accounts website. If you claim either the Hope Scholarship or the Lifetime Learning Credit, you will also need to attach IRS Form 8863 to your federal tax return.
Questions?
Georgetown University is not able to provide tax advice. For more information on tax benefits for higher education, call the IRS help line at 1-800-829-1040 or consult a qualified tax advisor.