Tax Credits - Check out FAQs on the Hope and Lifetime Learning Educational Credits. The IRS may be able to give you money back that was spent on college expenses. Just request a form from the college that reports how much you paid in tuition and fees and use it when completing your tax forms to tax money back.
The IRS offers these tax credits to ease the burden for taxpayers attempting to pursue higher education.

• The Hope Credit (of up to $1,500 for each eligible student) may be available to taxpayers who paid qualified tuition and related expenses.
• A Lifetime Learning Credit (of up to $1,000) may be available to you if you pay higher education costs.
• The Child Tax Credit is for taxpayers with children.
• The Earned Income Tax Credit is for taxpayers with low or moderate incomes.