Final answer:
It is true that tuition and charitable donations can be carried forward to reduce taxes in future years, providing tax advantages for individuals who may not have significant income in the year those costs were incurred. This can be beneficial for students and ties into broader conversations about the affordability of higher education and the value of government programs that support education.
Step-by-step explanation:
The statement that tuition and charitable donations can be carried forward to reduce taxes in future years is true. While tax laws vary by country, in many places, individuals are able to carry forward unused tuition credits and charitable donation deductions to a subsequent tax year to reduce their tax burden. This can be particularly beneficial for students or donors who may not have a significant taxable income in the year the expenses were paid or the donations were made, as it allows them to potentially obtain a greater tax advantage in later years when their income may be higher.
In the context of a student struggling to pay for higher education, reduced tax payments for education are seen as government programs that provide positive spillovers. This can be part of a broader societal effort to make education more affordable and accessible to all students, supporting the argument for tuition-free college to boost graduation rates and improve financial security after college.