Tuition Expence Deduction in 2006?

#2 02-23-2006, 07:47 AM

Hope credit inceases to $1,650 in 2006 and credits are
doubled if in Katrina area.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#1 02-21-2006, 08:55 AM

Bob Sandler wrote:

- quote -

> The deduction is gone as of January 1, 2006.

Anyone know if the Hope or Lifetime Learning credits are
still around?

--
================================================== ======================
Ian Pilcher i.pilcher[at]comcast.net
================================================== ======================

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

02-20-2006, 08:19 AM

- quote -

> I prepared estimated taxes for 2006 with turbo tax and i
> noticed that the tuition expense for my son (in the past
> couple of years was up to 4000) is no longer accepted. Did
> the tuition expense deduction expired or eligibility limit
> is lower and i no longer qualified?

The deduction is gone as of January 1, 2006.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#-1 02-15-2006, 01:58 AM

I prepared estimated taxes for 2006 with turbo tax and i
noticed that the tuition expense for my son (in the past
couple of years was up to 4000) is no longer accepted. Did
the tuition expense deduction expired or eligibility limit
is lower and i no longer qualified?

Thanks, Alex

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

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