Also there is the tuition and fees student tax deduction. You don’t have to itemize your income tax return to get this one and it will offer a deduction of $4,000.
Then there’s the interest loan deduction. Up to $2,500 of interest may be deducted. The modified adjusted gross income limit for this one is $75,000 or $150,000 filing jointly. Though it would be great fun to claim every single student tax credit that exists, you can only take the one that works best for you. How to determine that?
If you use an online tax service like TurboTax, they’ll cross check your info while asking you questions, against their data which will tell you what option will result in getting the biggest refund back. Getting the “biggest refund guaranteed” is one of their main slogans if you’ve never heard. That in a nutshell is what claiming student tax credits is all about. If you have specific questions then use TurboTax’s website to search for articles related to the topic you’re interested in.