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IRS Tax Tip 2022-123, August 11, 2022 ¡ª Anyone pursuing higher education, including specialized job training and grad school, knows it can be pricey. Eligible taxpayers who paid higher education costs for themselves, their spouse or dependents in 2021 may be able to take advantage of two education tax credits.

Tax Tip 2022-38, March 10, 2022 ¡ª Higher education is important to many people and it¡¯s often expensive. Whether it¡¯s specialized job training or an advanced degree, there are a lot of costs associated with higher education. There are two education tax credits designed to help offset these costs - the American opportunity tax credit and the lifetime learning credit.

The basic eligibility rules for tax credits and benefits available to you if you have a dependent qualifying child.