| | |||
| |||
| r_ganguli[at]yahoo.com (Ron) posted: - quote - > I am perusing higher studies that will enhance
You cannot use the same expense as a deduction or credit> my career in my current job. Can I claim both > Education expense (Hope credit) as well as > Job-related expense as deductions? I do > qualify for both individually, but please advice > if I can claim them together. under two different categories. Plain and simple, this would be a violation of tax law. Remember, the Hope credit is only available during the first two years (freshman and sophomore years) of study toward a post-secondary degree. After that, you must use the Lifetime Learning Credit. Bill << ================================================== ===== > << 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
| |||
| |||
| I am perusing higher studies that will enhance my career in my current job. Can I claim both Education expense (Hope credit) as well as Job-related expense as deductions? I do qualify for both individually, but please advice if I can claim them together. Thanks. << ================================================== ===== > << 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. > << ================================================== ===== > |
| Tags |
| education, expense |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Education Expense akosonom@gmail.com: My wife got a form 1098-T where it shows the amount of money she paid to a University for Education Expenses. Will we be able to deduct this from... | Taxes | 1 | 04-13-2005 05:16 PM | |
| S corp education expense qornam@gmail.com: I am the sole employee of a S Corp. Can the company re-imburse me for classes I took for maintaing my skill/knowledge in current job? Can the... | Taxes | 3 | 03-12-2005 12:41 PM | |
| Education Expense required for a charity - is it deductable? Andrew: My brother is interested in working as a volunteer to a charitible organization that provides family counseling as a county social service . The... | Taxes | 20 | 11-12-2004 06:36 AM | |
| 1098-T Education expense Michelle Kapp: 1098-T Box 2 Tuition and Fees = $5000. Box 4 Scholarship and Grant = $6500. Nondeductible room and board = $6500. Can we apply the scholarship... | Taxes | 13 | 03-01-2004 06:27 PM | |
| Thread Tools | |
| Display Modes | |
| |