The new "Tax Benefits for Education section" on IRS.gov provides an overview of all education deductions and credits. The "one-stop" location for higher education information includes a special section highlighting 529 plans, exclusions from income, taxability of scholarships and fellowships. The Web section also features two key changes that will be in effect during 2009 and 2010 that were included in the American Recovery and Reinvestment Act (ARRA), enacted earlier this year.
Posted 09/11/09 to www.NASFAA.org |