deductible tuition expenses
the tuition and fees deduction allows taxpayers to deduct up to $ 4000 in tuition expenses as an above the line exclusion from income this tax benefit is also known as the limited deduction for tuition expenses or as the torricelli deductionhe deduction was originally limited to $ 3000 in 2002 and 2003 and was increased to $ 4000 in 2004 it was originally set to expire in 2005 the omnibus tax extender legislation passed by congress in december 2006 extended the tuition and fees deduction for two years 2006 and 2007