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Education Deduction

Did our taxes this weekend, to find a happy surprise: we now qualify for educational credits. As recently as 2009, we didn’t qualify because we—by “we,” I mean “Eileene”—made too much money. But the ceiling for claiming a tuition deduction has been raised to something like $80,000 per person from an earlier ceiling much closer to the poverty line.

Though I’m glad to take the deduction, I question whether someone making $80,000 a year (or $160,000 for a two-income household) really needs that money more than, say, all those educational budgets the federal government is slashing for lack of funds. Benefiting personally from the adjustment doesn’t make it right.

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