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which education provision is no longer available for taxpayers in 2021? qualified tuition program (qtp). tuition and fees deduction. lifetime learning credit (llc). american opportunity tax credit (aotc).

Sagot :

The tuition and fees deduction provision is no longer available for taxpayers in 2021.

For tax years starting after 2020, the Taxpayer Certainty and Disaster Tax Relief Act repealed the tuition and fee deduction. Through the tuition and fees deduction, qualified individuals can deduct up to $4,000 from their taxable income to help pay for their own higher education as well as that of their spouses and dependent children.

Taxpayers who spent money on tuition and other post-secondary school-related expenses were eligible for this deduction. As long as the student was dependent on the parents, tuition could be deducted. 6 Students could use this deduction to offset their own educational costs.

To learn more about Taxpayers refer to:

https://brainly.com/question/14190241

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