Tax Credits and Deductions

You can claim tax credits or, in some cases, deductions, for expenses that you pay for post-secondary education for yourself, your spouse, or your dependent children.

Future Scholar 529 College Savings Plan
This plan allows for families to save for college through a state-sponsored plan created under Section 529 of the Internal Revenue Code. These plans offer special tax benefits and have no income or age restrictions. Accounts can be used at almost any accredited school to pay for tuition, room, board, books, and computers. For more information, call 1-888-244-5674.

SC Tuition Tax Credit
The South Carolina General Assembly has recently increased its income tax credit for eligible students for tuition paid to South Carolina colleges and universities. Students may qualify for up to $1500 in tuition tax credits. For eligibility to be determined, Form SC 1040 must be filed and Form I-319 must also be completed. Find out more about this tax credit.

It is recommended that all taxpayers consult with their tax adviser, as each individual's tax situation is different. USC Upstate does not provide individual tax advice.

Contact Student Account Services with questions at 864-503-5326.


Live Chat