Hi. I will be taking classes and will have to pay to park in a parking garage. Can anyone tell me if the money I spend parking (for educational purposes) can be used for a tax deduction... I have a feeling it's really going to add up over the year!
2007-06-14 03:59:17 · 4 answers · asked by ohmygosh 3 in Business & Finance ➔ Taxes ➔ United States
Travel expenses (including parking) for education are only deductable if the education is related your current job. The best example of this is of a school teacher getting a master degree for promotion or a raise.
Most cases they are not deductable.
2007-06-14 04:16:46 · answer #1 · answered by jks_mi 3 · 3⤊ 0⤋
Nope. Not unless you are already working and the classes are to continue and improve your current job skills. Then you might get a miscellaneous deduction as part of the costs of continuing education, subject to limitations related to income.
2007-06-14 05:02:18 · answer #2 · answered by BAL 5 · 1⤊ 0⤋
No, parking fees aren't deductible. You might be eligible to get an education credit, though, for your tuition and fees.
2007-06-14 05:26:57 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
No they will not be deductible.
2007-06-14 04:11:15 · answer #4 · answered by ? 6 · 1⤊ 0⤋