Choose the Best Option
Taxpayers have several options for using education expenses to reduce taxes:
Generally, taxpayers will benefit the most from claiming the education credits. However, you should compute any of the other benefits for which taxpayers are eligible to determine which gives them the lowest tax. Do not claim multiple benefits for the same education expense; use the benefit most advantageous to the taxpayer.
Refer to the Volunteer Resource Guide Education Benefits tab, References - Highlights of Education Tax Benefits for a comparison chart of some of the tax benefits for education.