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The National Association of Graduate and Professional Studentspublishes information on tax issues for graduate students amongother useful topics.

Graduate students are eligible for the new lifetime learning tax credit, an expanded student loan interest deduction, and continuing exclusion of scholarships, fellowships and used for tuition, fees, books, and supplies related to course work, (which can include computers if an institutional requirement). Visit the IRS web site for forms or to view IRS Publication 970: Tax Benefits for Education.

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