Our Daughter is a freshman at Stanford this year. Are her expenses ($90,000) tax deductible? I have started my return. Please let me know what you need from me.

While the full amount of your daughter's expenses at Stanford ($90,000) is not directly tax-deductible, there are education tax benefits that can help offset some of the costs associated with higher education. Here are a couple of key education tax benefits you might consider: 1. **American Opportunity Tax Credit (AOTC)**: This credit is worth up to $2,500 per student for the first four years of higher education. To qualify, the student must be pursuing a degree or other recognized education credential and be enrolled at least half-time for at least one academic period beginning in the tax year. The credit is 100% of the first $2,000 in qualified education expenses you paid for each eligible student and 25% of the next $2,000. However, there are income limits that may reduce or eliminate your ability to claim this credit. 2. **Lifetime Learning Credit (LLC)**: This credit is worth up to $2,000 per tax return and is available for all years of postsecondary education and for courses to acquire or improve job skills. There is no limit on the number of years you can claim the credit, but there are income thresholds that may phase out the credit. Qualified education expenses for these credits generally include tuition and fees required for enrollment or attendance at an eligible educational institution. Expenses for books, supplies, and equipment needed for a course of study may also qualify if they must be paid to the institution as a condition of enrollment or

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