What is the maximum tuition and fees deduction for taxpayers with modified AGIs up to $65,000?

The maximum tuition and fees deduction available for taxpayers with modified adjusted gross incomes (AGIs) up to $65,000 is indeed $4,000. This deduction allows taxpayers to reduce their taxable income by the amount spent on qualified tuition and fees for higher education.

For those with modified AGIs at or below the specified income threshold, the full $4,000 deduction is applicable, assuming they meet other requirements for eligibility. This benefit is designed to incentivize and assist individuals pursuing higher education, essentially lowering their overall tax burden.

It's important to note that the deduction phases out for modified AGIs exceeding $65,000, further indicating the financial assistance it provides to lower and middle-income families. Understanding this deduction and its parameters helps taxpayers effectively plan for their education expenses and maximize their tax benefits.