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#1
11-04-2007, 11:33 AM
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 Re: Advanced Degree tax deductible? <srikanth.raghavan[at]gmail.com> wrote: - quote - > My wife joined a health care company in 2006 as a research
probably not> associate and has been working with them since. At the end > of 2006, she went on to pursue an advanced degree (Masters > in Public Health). > She quit her job in October 2007 to focus on the course full time. > Is the course fee for the program tax deductible for the > calendar year 2007? ___________________________________ <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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11-04-2007, 11:33 AM
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| Re: Advanced Degree tax deductible? srikanth.ragha...[at]gmail.com wrote: - quote - > My wife joined a health care company in 2006 as a research
Probably not. She might be able to claim a Tuition and Fees> associate and has been working with them since. At the end > of 2006, she went on to pursue an advanced degree (Masters > in Public Health). > She quit her job in October 2007 to focus on the course full time. > Is the course fee for the program tax deductible for the > calendar year 2007? deduction ($4000 maximum) OR a Lifetime Learning Credit for eligible expenses, but not the entire graduate program fee. See IRS Pub 970 for details of available tax benefits for education. << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
11-03-2007, 09:10 PM
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| Advanced Degree tax deductible? My wife joined a health care company in 2006 as a research associate and has been working with them since. At the end of 2006, she went on to pursue an advanced degree (Masters in Public Health). She quit her job in October 2007 to focus on the course full time. Is the course fee for the program tax deductible for the calendar year 2007? Thanks SR. << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| advanced, deductible, degree, tax |
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