We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Education Credit

Categories: Education, Tax

Sometimes, Uncle Sam decides to give you a break when you're doing something good, like going to school.

An education credit is a tax credit that students of higher education (think: college) can claim if they're paying for stuff like tuition and books.

You can only claim an education credit from accredited institutions, and if you're not a dependent on someone else's tax return. Parents paying for their kids' education can claim an education credit in same cases.

Find other enlightening terms in Shmoop Finance Genius Bar(f)