TaxAudit Blog

With all the required tuition, books, and fees for college students, not to mention the cost of room and board - what education expenses are tax deductible?

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Under some circumstances, you can indeed deduct off-campus housing on your taxes while attending college – but the amount of the benefit is limited.

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The short answer is yes, you can deduct education expenses for your dependents, but some limitations and qualifications must be met. Let's explore more.

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Yes, you can deduct educator expenses if you are what the IRS calls an “eligible educator.” However, there are certain limitations and conditions involved.

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

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

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

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

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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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