Tax benefits for education

  1. Does anyone know about tax benefits for diploma programs? If you pay your tuition or some of it out of pocket can you claim it on your taxes seeing that it is a diploma program vs. a higher degree?

    Thanks
    Cardigan2
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  2. 2 Comments

  3. by   arciedee
    I would think that diploma programs are eligible for the same educational tax credits as traditional colleges/universities. The IRS states the following regarding what is an "eligible educational institution:"

    "...generally any accredited public, nonprofit, or proprietary (private) college, university, vocational school, or other postsecondary education. Also, the institution must be eligible to participate in a student aid program administered by the Department of Education. Virtually all accredited postsecondary institutions meet this definition."

    I would check with the program's financial aid department to be sure, but I would expect that a diploma program would qualify under the "vocational school" or "other postsecondary education."
  4. by   Cardigan2
    Thanks a good idea..I will call the school

    Cardigan2

    Quote from arciedee
    I would think that diploma programs are eligible for the same educational tax credits as traditional colleges/universities. The IRS states the following regarding what is an "eligible educational institution:"

    "...generally any accredited public, nonprofit, or proprietary (private) college, university, vocational school, or other postsecondary education. Also, the institution must be eligible to participate in a student aid program administered by the Department of Education. Virtually all accredited postsecondary institutions meet this definition."

    I would check with the program's financial aid department to be sure, but I would expect that a diploma program would qualify under the "vocational school" or "other postsecondary education."

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