Several tax benefits are available to help students meet the cost of higher education.  They include:

• Education Tax Credits
  • The Hope Tax Credit - Up to $1,500 in tax credit
  • Lifetime Learning Tax Credit - Up to $2,000 in tax credit
  • Click here for more information about Tax credits-IRS Tax Topic 605-Education Credits
• Deduction for student loan interest
• Tax-free withdrawals from state-sponsored and private tuition savings plans
• Tax-free withdrawals from educations savings accounts (ESAs)

For advice concerning these tax benefits, please contact your tax consultant or refer to IRS Publication 970-Tax Benefits for Education (pdf).  If you have other questions you may contact the tax credit line at 801-626-7877 or E-mail questions to taxcredit@weber.edu

• IRS Form 1098T for 2007 will be mailed to students by January 31, 2008.  Please contact 801-626-7877 after February 10, 2008 if you did not receive a form and new form will be mailed to you.  If you believe that there is an error on the form, please bring picture ID to Accounting Services in the Miller Administration Bldg, Room 204.  Due to privacy laws, we cannot provide tax information over the phone.  Students must show picture ID to receive information in person.

**This information is not intended as legal or tax advice.  Individuals should contact a tax advisor or IRS Publications, Forms and Instructions for more information concerning these tax benefits.**