Higher Education Tax Incentives

by Brett Malone and Daniel Mikels
Faculty advisor: Beth Blankers

The Internal Revenue Code provides numerous incentives for higher education that are overlapping, complicated, and difficult to apply. Various groups, including the President’s Economic Recovery Advisory Board, have proposed changes to improve and simplify these incentives; however, in December 2010, Congress extended the current provisions for two additional years. In this project, we will detail several of the current educational tax provisions, thereby demonstrating the complexity and inefficiency of the system. Furthermore, we will analyze several proposed changes, considering issues such as access to higher education, simplification, and compliance with requirements.