2006-07-27 14:24:44 · 7 answers · asked by jeanine m 2 in Business & Finance ➔ Other - Business & Finance
yes. Depending on your situation you make use the Hope Credit, the Lifetime Learning credit, or the tuition and fees deduction. There is a limit depending on the tax break you choose, so don't expect to be deducting $20,000.
2006-07-27 14:28:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sort of. Maybe. It depends. I know that's a terrible answer, but it would take too long to explain the available credits and deductions. The IRS does it better.
2006-07-27 20:33:10 · answer #2 · answered by dragonwych 5 · 0⤊ 0⤋
My parents got to write off part of my tuition. I had to wait for my college to send me the paper work. Then when i got it my mom turned it in to our tax person and he knew what to do. I dont know if it works that way in all states, but in Michigan you get to write off part of it. Good luck in Grad. School.
2006-07-27 14:31:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, it is, save your receipts, for the tuition, also any fees and your books. One of the few tax laws that help us out!
2006-07-27 14:29:54 · answer #4 · answered by mightymite1957 7 · 0⤊ 0⤋
could be eligible for Lifetime getting to grasp credit. Shaky for training and expenses deduction, because of the fact it qualifies her for a clean point of artwork. there is a superb risk the LL credit could provide you extra besides than the educational and expenses deduction.
2016-11-03 03:54:50 · answer #5 · answered by Erika 4 · 0⤊ 0⤋
hahaha, good one. Um. NO!
2006-07-27 14:28:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
YES
2006-07-27 14:28:13 · answer #7 · answered by Meka 2 · 0⤊ 0⤋