Tuition Tax Credit Program

The Tuition Tax Credit Program allows students or their families to reduce the amount of income tax owed by claiming credits for tuition fees paid to eligible educational institutions. This means that a portion of the tuition costs can be deducted from your tax bill, making higher education more affordable. The credit is typically non-refundable, so it reduces the amount of taxes owed but doesn't result in a refund if the credit exceeds your tax liability. It encourages investment in education by providing financial relief through tax benefits.