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Question Are there any tax deductions or credits to help pay for college?

Answer The federal government and New York State offer tax credits for qualified undergraduate, graduate/professional and part-time postsecondary study, as well as a tax deduction for the initial interest paid on qualified loans. New York provides a tax credit or deduction to help New York resident taxpayers with college tuition.

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Higher Education Services Corporation

URL: http://www.hesc.ny.gov/content.nsf/SFC/Tax_CreditsDeductions

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