Educational Tax Benefits

Hope Tax Credit
An eligible student may be able to claim a federal individual income tax credit for a maximum of $1,650 for qualified tuition and related expenses for each eligible student.

Lifetime Learning Tax Credit
An eligible student may be able to claim a federal individual income tax credit of 20 percent of the first $10,000 of qualified tuition and related expenses.

To learn more about educational tax benefits visit the University of Minnesota Education Tax Benefits site.

The University of Minnesota Morris does not provide personal tax advice. To determine your eligibility for a higher education tax credit, a student loan interest deduction or a deduction for qualified education expenses, contact a personal tax advisor or the Internal Revenue Service (IRS).