According to Marketwatch, there are at least 10 different tax breaks related to education. Yet one-fourth of elibible taxpayers neglect to take the credits.

The article states that the money lost is a relatively small amount ($169 on average). Still, tuition and fees deductions can take off as much as $4000 in taxable income.

Here’s the rundown on the two most popular credits:

The Hope Scholarship credit is for a student — you, your spouse or a dependent — enrolled at least half-time in the first or second year of college (the courses must lead to a degree, certificate or credential) in 2005. The credit applies to the first $1,000 of qualified expenses, plus 50% of the next $1,000, a maximum $1,500 credit.The Lifetime Learning credit is available to a student — again, you, your spouse (if filing jointly) or a dependent — at any stage of postsecondary education, as long as the student is enrolled in courses that lead to a degree, certificate or credential. The credit is worth 20% of the first $10,000 in qualified expenses, and the maximum per tax return is $2,000.