It’s no secret that higher education can be outrageously expensive. From tuition and housing to textbooks and classroom supplies, pursuing post-secondary schooling can take a major chunk out of your bank account. When it comes time for tax season, filling out Form 8917 can help alleviate some of that financial burden by giving you a tuition and fee deduction up to $4. 000. That means your taxable income is lower when you need to determine how much you owe.