When did college tuition first become tax deductible?

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When did college tuition first become tax deductible?

Does anyone know, i would appreciate it if you could provide a website.

2007-01-08 13:04:34 · 3 answers · asked by Neil P 2 in Education & Reference ➔ Financial Aid

3 answers

It was passed into law in June 2001 under the Economic Growth and Tax Relief Act. 2002 was the first year that higher education expenses could be used as a tax deduction. It includes college and vocational classes past the high school or secondary school level. The amount is $2000 of $4000 based on adjusted gross income.

2007-01-08 14:57:27 · answer #1 · answered by dawncs 7 · 0⤊ 0⤋

Wow, if so I'm going back to college!!
Is it really? good post/question

2007-01-08 13:26:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋

70's and 80's I think. Sorry If I'm wrong.

2007-01-08 13:13:38 · answer #3 · answered by tag_along37 2 · 0⤊ 1⤋