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without paying the 10% additional tax on early distri- butions; • Cash in savings bonds for education costs without having to pay tax on the interest; • Receive tax-free education benefits from your em- ployer; and • Claim a business deduction for work-related educa- tion. Note. You generally can't claim more than one of the benefits described in the list above for the same qualifying education expense. Comparison table. Some of the features of these benefits are highlighted in the Appendix, later in this publi- cation. This general comparison table may guide you in determining which benefits you may be eligible for and which chapters you may want to read. When you figure your taxes, you may want to compare these tax benefits so you can choose the method(s) that gives you the lowest tax liabil- ity. If you qualify, you may find that a combination of credit(s) and deduction(s) gives you the lowest tax. Analyzing your tax withholding. After you estimate your education tax benefits for the year, you may be able to reduce the amount of your federal income tax withhold- ing. Also, you may want to recheck your withholding dur- ing the year if your personal or financial situation changes. For more information, see Pub. 505, Tax Withholding and Estimated Tax. Glossary. In this publication, wherever appropriate, we have tried to use the same or similar terminology when re- ferring to the basic components of each education benefit. Some of the terms used are: • Qualified education expenses, • Eligible educational institution, and • Modified adjusted gross income. Even though the same term, such as qualified educa- tion expenses, is used to label a basic component of many of the education benefits, the same expenses aren't necessarily allowed for each benefit. For example, the cost of room and board is a qualified education expense for the qualified tuition program, but not for the education savings bond program. Many of the terms used in the publication are defined in the glossary near the end of the publication. The glossary isn't intended to be a substitute for reading the chapter on a particular education benefit, but it will give you an over- view of how certain terms are used in discussing the dif- ferent benefits. Comments and suggestions. We welcome your com- ments about this publication and your suggestions for fu- ture editions. TIP You can send us comments through IRS.gov/ FormComments. Or, you can write to the Internal Reve- nue Service, Tax Forms and Publications, 1111 Constitu- tion Ave. NW, IR-6526, Washington, DC 20224. Although we can’t respond individually to each com- ment received, we do appreciate your feedback and will consider your comments and suggestions as we revise our tax forms, instructions, and publications. Don’t send tax questions, tax returns, or payments to the above ad- dress. Getting answers to your tax questions. If you have a tax question not answered by this publication or the How To Get Tax Help section at the end of this publication, go to the IRS Interactive Tax Assistant page at IRS.gov/ Help/ITA where you can find topics by using the search feature or viewing the categories listed. Getting tax forms, instructions, and publications. Go to IRS.gov/Forms to download current and prior-year forms, instructions, and publications. Ordering tax forms, instructions, and publications. Go to IRS.gov/OrderForms to order current forms, instruc- tions, and publications; call 800-829-3676 to order prior-year forms and instructions. The IRS will process your order for forms and publications as soon as possible. Don’t resubmit requests you’ve already sent us. You can get forms and publications faster online. Useful Items You may want to see: Publication 463 Travel, Gift, and Car Expenses 525 Taxable and Nontaxable Income 550 Investment Income and Expenses 590-A Contributions to Individual Retirement Arrangements (IRAs) 590-B Distributions from Individual Retirement Arrangements (IRAs) Form (and Instructions) 1040 U.S. Individual Income Tax Return 1040-NR U.S. Nonresident Alien Income Tax Return 1040-SR U.S. Tax Return for Seniors 2106 Employee Business Expenses 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 8815 Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989 8863 Education Credits See chapter 12 for information about getting these publi- cations and forms. 463 525 550 590-A 590-B 1040 1040-NR 1040-SR 2106 5329 8815 8863 Page 4 Publication 970 (2022)