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Federal Tax Benefits Help You Pay for College

This article provides some very useful information on the federal tax benits of having a child in college.

IRS Publication 970 outlines several ways taxpayers may save on their education, including:

*Scholarships, Fellowships, Grants and Tuition Reductions *Hope Credit *Lifetime Learning Credit *Deduction for Higher Education Expenses *Student Loan Interest Deduction *IRA Withdrawals/401k Withdrawals *Employer Provided Assistance Benefits

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