Despite the expansion of higher education tax benefits in recent years, a large share of undergraduate students still are not eligible to receive them, according to a new study by the New America think tank.
The study finds that about 40 percent of undergraduate students are not eligible for any tuition tax benefit or otherwise do not file taxes. That's because financial aid covers tuition and fee expenses for many of those students, meaning that they don't have any out-of-pocket tuition expenses for which they can claim a tax benefit such as the American Opportunity Tax Credit.
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2015/11/03/study-many-undergrads-remain-ineligible-tax-breaks