The tax law provides various tax credits, deductions, and exclusions that are designed to encourage taxpayers to obtain additional education.These provisions can be justified on both economic and social grounds.

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Tax incentives for education can be seen as a way to promote economic growth by increasing the skills and productivity of the workforce, and as a way to address social inequality by providing greater access to education for low-income individuals and other disadvantaged groups.

The Tax Law Provides Various Tax Credits, Deductions, and Exclusions