Discussion:Education deductions

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Discussion Forum Index --> Tax Questions --> Education deductions

Gov61 (talk|edits) said:

3 March 2007
Does anyone know if a taxpayer can use $4000 of his education costs for the deduction on the front page of the 1040 and deduct what is left over on schedule A?

Deback (talk|edits) said:

March 3, 2007
Yes, if the education expense was incurred to maintain and improve his skills in his present job. If the education was for a new trade, the answer is no.

JR1 (talk|edits) said:

March 3, 2007
Ah, gotta love the Optimizer! I love to launch that sucker!

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