Tax Credit Reporting Service for Students

Welcome to the Tax Credit Reporting Service (TCRS) Student/Taxpayer web site. This site provides useful information on the Taxpayer Relief Act of 1997, which provides education tax incentives for eligible taxpayers. These benefits, called the American Opportunity Tax Credit and Lifetime Learning Credit, allow taxpayers to reduce their federal income tax based upon qualified tuition and fees paid, assuming the taxpayer meets all TRA’97 requirements.

*Attention** The American Opportunity Tax Credit has been extended for tax years 2011 and 2012 by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.

Click here to learn about the American Opportunity Tax Credit

This site also contains information on the Tuition and Fees Deduction for Higher Education Expenses. This tax deduction permits taxpayers to take an "above the line" deduction for qualified higher education expenses paid by the taxpayer during a taxable year. Additional information can be found by selecting the The Deduction for Higher Education Expenses link under the Education Tax Credit Information menu option.

For more information regarding student loan interest paid and 1098-E year-end tax statement click the following link www.acs-education.com.

If TCRS provides tax credit reporting services for your school, proceed to Access My Record and follow the instructions to obtain secure access to your student-specific data.