- quote -

You are correct, crunch the numbers--you can claim both! But
not for the same $$ , so you can partition etc for best end
result.

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- quote -

Why, business expenses for TUITION? Use Lifetime Learning
Credit to get 20% of the first 10K. If your marginal tax
bracket is in the 25 or over bracket, the adj to
income(above the line) COULD be better. Crunch the numbers.

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- quote -

Yes, such education is generally deductible--provided she
was employed first. And it would help NOT to be out of the
job market for too long--I do not recall the one year rule
being enforced but then again most MBA's find something to
do between 1st and 2dyear summer. I think you are entirely
correct--the wages of one can be offset by the education of
the other.

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Norman Ng wrote:

- quote -

Not as a business expense, since she's not working and
therefore those courses are not helpful in her present
occupation. (being a student is not an occupation, neither
is "retired", or "housewife")

However look at the tuition deduction for page one of the
1040, down there in the adjustments section.

Cheer$,
Harlan Lunsford, EA n LA

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norman.ng[at]hongkong.com posted:

- quote -

"Business expenses"??? Line 20 of the 1040A is for the
total of adjustments to income -- one of which is "Tuition
and fees deduction" (line 19). If that's what you mean,
that's fine. Yes, you can do that.

OR, you can file Form 8863, and take a *Tax credit* on 1040A
line 31. You should work it out both ways, to see which
alternative yields the greater benefit in your situation.

Bill

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norman.ng[at]hongkong.com (Norman Ng) writes:

- quote -

No. Employee business expenses are a Schedule A (1040)
itemized deduction.

See Publication 970 for the various tax benefits of higher
education expenses.

Phil Marti
Topeka, KS

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My wife just started her full-time MBA (Sep 03) and we have
elected to File Jointly on our 2003 taxes. I did some
research and it seems like her tuition can be deducted as
business expenses. So I am wondering if I can claim such
deduction on my/our 1040A (line 20)?

Thx,
Norman

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