What Students Should Know About the Tax Cuts and Jobs Act Law

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Good news students… the implementation of the Tax Cuts and Jobs Act Law did not change the student credits. You may know this as the American Opportunity Credit, the Lifetime Learning Credit and the Student Loan Interest Deduction. Not so good news… the Tuition and Fees Adjustment was completely removed.

Before the law changed, you were allowed to adjust your gross income up to $4,000 under the Tuition and Fees Adjustment. While there was no extension to that provision, hopefully, you can find solace in the credits still available.

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