If you are going to college and taking courses to improve your education, consider the fact that you can also deduct most of the expeditures from your tax returns. There are many different options in the current taxation system to get tax credits that will help for people pay for their education. You can often deduct education expenses for your children and yourself if you are taking higher learning classes. So, find out about all the opportunities you can take advantage of. For example,the lifetime learning credit is the newest type of tax credit that can be applied to all the tuition you pay for graduate level courses, including continuing education courses. It is a very well designed scheme and the maximum you can get is $2,000 per tax return. If you have a high income it will probably be a little less but still a good opportunity to take.