TaxAudit Blog

Tag: education

Kindergarten class

Kindergarten tuition is not deductible because the costs to attend are considered educational expenses. However, qualifying childcare expenses are deductible.

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Stack of books, graduation hat, and rolled up diploma

There are some tax-saving opportunities available for graduate school tuition, like the credits for undergraduate expenses. They each have some limitations.

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Graduation Hat

You asked if you could deduct tuition expenses for enrollment in a graduate degree program as a job-related education expense on federal and NY state taxes.

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Instructor teaching students

Depending on the nature of the education, there may be an avenue to account for work related education expenses on one's tax return.

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Money with a graduation hat laying on top

Paying for college tuition is an expensive endeavor. Fortunately for those who qualify, there are some tax breaks available.

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student loans

Yes, you can deduct student loan interest on your tax return if you meet the specific requirements to claim this deduction. The amount you can claim will vary.

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Graduation Hats

For the American Opportunity Credit, a student is required to be in pursuit of a degree or recognized education credential and be enrolled at least half-time

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books

Are Education Tax Credits Available When the Education Expenses are Covered by a Scholarship or Grant?

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woman helping taxpayer with taxes

The IRS opened up its LITC grant application process for organizations looking to serve and educate low-income taxpayers.

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Students wearing graduation hats

With the costs of obtaining a Master of Business Administration skyrocketing - often costing up to $80,000 - you might be wondering: is my MBA tax deductible?

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