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by Charles Dervarics , January 11, 2007
“The inclusion of textbooks as a tax deductible expense will go a long way toward increasing the affordability and accessibility of course materials for all students,” Hershman says.
Textbooks already are an allowable expense under 529 Savings Plans, which many parents use to save for college. Federal Pell Grants also can be used to defer textbook costs but only after deducting for tuition and fees, he says.
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