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My university required incoming freshmen to come to school with their own computer. Am I allowed a deduction for the cost of the computer in computing my tax liability if I pay for the computer in the year that I enroll?
My university required incoming freshmen to come to school with their own computer. Am I allowed a deduction for the cost of the computer in computing my tax liability if I pay for the computer in the year that I enroll?
Frequently Asked Questions
May I claim my job-related education expenses as an itemized deduction or an education credit on my tax return?
May I claim my job-related education expenses as an itemized deduction or an education credit on my tax return?
Frequently Asked Questions
My employer paid me additional compensation to cover my graduate school tuition, paid the tuition directly to the graduate school, and included it on my W-2 as wages. The program improves skills needed in my current field of employment but doesn't qualify me for a new trade or business. Can I claim this educational expense on my tax return and, if so, where do I claim the expense?
My employer paid me additional compensation to cover my graduate school tuition, paid the tuition directly to the graduate school, and included it on my W-2 as wages. The program improves skills needed in my current field of employment but doesn't qualify me for a new trade or business. Can I claim this educational expense on my tax return and, if so, where do I claim the expense?
Frequently Asked Questions