The Community College of Allegheny County provides a supportive and transformative learning environment that prepares graduates to meet critical needs in the region’s workforce.
At CCAC, we believe that life outside the classroom is an important part of your college experience. Each CCAC campus has a variety of activities to enhance your lifestyle – including athletics, cultural events and personal development seminars.
The CCAC Educational
Foundation is the fundraising and benefactor arm of the college. It seeks to
create vital connections between the college and the wider community
to ensure the ongoing viability of the college.
Paying for college can be expensive. However there are several
tax benefits students and parents can use to
help with their expenses for higher education.
View the IRS publication 970: Tax Benefits for
Please note: CCAC does not provide tax advice and
not all students will be eligible for all
A tax credit reduces the amount of income tax you may have to
American Opportunity CreditThe American opportunity tax credit includes
expenses for course-related books, supplies and equipment that
are not necessarily paid to the educational institution. It is a
tax credit of up to $2,500 of the cost of tuition, fees and course
materials paid during the taxable year. Also, 40% of the
credit (up to $1,000) is refundable. This means you can get it even
if you owe no tax.
Hope CreditThe Hope credit is for the payment of the first two
years of tuition and related expenses for an eligible student for
whom the taxpayer claims an exemption on the tax return. Normally,
you can claim tuition and required enrollment fees paid for your
own, as well as your dependents' college education. The Hope credit
targets the first two years of post-secondary education, and an
eligible student must be enrolled at least half time.
Lifetime Learning CreditThe lifetime learning credit helps parents and
students pay for post-secondary education. For the tax year, you
may be able to claim a lifetime learning credit of up to $2,000 for
qualified education expenses paid for all students enrolled in
eligible educational institutions. There is no limit on the number
of years the lifetime learning credit can be claimed for each
student. You cannot claim both the Hope or American opportunity
credit and lifetime learning credits for the same student in one
A deduction reduces the amount of your income that is subject to
tax, thus generally reducing the amount of tax you may have to
Tuition and Fees DeductionYou may be able to deduct qualified education expenses
paid during the year for yourself, your spouse or your dependent.
The tuition and fees deduction can reduce the amount of your income
subject to tax by up to $4,000.
Student Loan Interest DeductionIf your modified adjusted gross income (MAGI) is less
than $75,000 ($150,000 if filing a joint return), there is a
special deduction allowed for paying interest on a student loan
used for higher education. Student loan interest is interest you
paid during the year on a qualified student loan. It includes both
required and voluntary interest payments.
Business Deduction for Work-Related EducationIf you are an employee and can itemize your
deductions, you may be able to claim a deduction for the expenses
you pay for your work-related education. If you are
self-employed, you deduct your expenses for qualifying work-related
education directly from your self-employment income. This may
reduce the amount of your income subject to both income tax and
Certain savings plans allow the accumulated interest to grow
tax-free until money is taken out (known as a distribution), or
allow the distribution to be tax-free, or both.
529 PlansStates sponsor 529 plans - qualified tuition programs
authorized under section 529 of the Internal Revenue Code - that
allow taxpayers to either prepay or contribute to an account for
paying a student's qualified higher education expenses. Similarly,
colleges and groups of colleges sponsor 529 plans that allow them
to prepay a student's qualified education expenses.
Coverdell Education Savings AccountThis account was created as an incentive to help
parents and students save for education expenses. Unlike a 529
plan, a Coverdell ESA can be used to pay a student's eligible k-12
expenses, as well as post-secondary expenses.
You may exclude certain educational assistance benefits from
your income. That means that you won't have to pay any tax on them.
However, it also means that you can't use any of the tax-free
education expenses as the basis for any other deduction or credit,
including the Hope credit and the lifetime learning credit.