How will I claim college expenses as a deduction?

Congress revived the deduction for college cost this week, but the tax return forms have already been printed without it. Does this mean the deduction is not possible with a paper return? Will the online return be updated that quickly?

The reason tax forms are sometimes available late is because of late changes to the rules by Congress. Even if the printed forms aren't available yet, the electronic ones should be, online at irs.gov - as soon as they show up, you can print them and file on paper if that's what you want to do.

Online software will have to be finalized as quickly as possible.

Keep checking the IRS web site. Also if you use HR Block product, they will make sure you have the lastest update.

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