Education Expense

Qualified Higher Education Expense

Tuition and related expenses that one pays to a university, college, technical school, or other post-secondary institution. Most of the time, qualified higher education expenses are tax deductible, and one may also be able to deduct the interest on savings bonds if the proceeds are used to pay for these expenses. See also: 529.

Education Expense

For tax purposes, an education expense is an expense that is eligible for a tax deduction or credit. Education benefits include the Hope and lifetime learning credits and the deduction for business-related education expenses.