Grants are hard to come by for a beguiner my age.
2007-08-03 04:44:33 · 4 answers · asked by mobilmen59 5 in Business & Finance ➔ Taxes ➔ Other - Taxes
Or could it be tax deductable if it was considered a charity donation?
2007-08-03 15:43:52 · update #1
I hate to tell you this, but if someone financed your tuition, they probably couldn't get any tax benefit from it, since they couldn't claim it unless you were their dependent for tax purposes. One of the criteria for that would be that you lived with them ALL year, another would be that you made under $3400 gross for the year. If you are asking strangers to provide tuition money, I would certainly hope that you have a job and are earning some of what you need yourself.
Maybe you need to look at less expensive schools. Community colleges can be real good choices for the first couple of years - smaller classes, and a lot less expensive. Just be sure the credits will transfer. It's also possible to go to school part-time and work part or full-time.
Good luck.
2007-08-03 05:41:48 · answer #1 · answered by Judy 7 · 2⤊ 1⤋
If I paid your tuition for you I would not get any kind of deduction for that as you are not my child or spouse. Nor would any one else who wasn't your parent or spouse.
Several grants may very well be available to you. Pell Grant, BEOG, just to name 2. Consult with the financial aid office at your school.
2007-08-03 06:31:05 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Sorry, but unless you are the financer's dependent, they don't get any tax deduction for helping you with college expenses.
2007-08-03 08:18:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Get a Job that the company will reinberse your tuition. There are plenty of companies that will Good luck
2007-08-03 04:50:50 · answer #4 · answered by Tracybeth 2 · 1⤊ 0⤋