Are school books deductible?

Answer For the purpose of claiming tuition and fees tax deductions, the IRS includes school books and other required materials for post-secondary schools as an allowed expense if the cost must be paid to ... Read More »

Top Q&A For: Are school books deductible

Are college books deductible?

Under the American Recovery and Reinvestment Act (ARRA), many students will qualify through 2012 for the American Opportunity Credit to pay for college supplies and textbooks. The maximum annual cr... Read More »

Are college books tax deductible?

College books are generally not tax deductible, as Kay Bell at explains. However, the Internal Revenue Service (IRS) states that books required for mandatory classes may qualify for th... Read More »

How much of a school tuition is tax deductible?

The largest amount a student can claim as a college tax deduction in 2009 is $4,000. According to the IRS, this college tuition tax credit reduces a student's taxable income by $4,000 and is subjec... Read More »

Are school expenses tax deductible?

The Internal Revenue Service allows you to deduct the cost of attending higher educational institutions such as colleges, universities and vocational schools. The IRS also offers a number of tax cr... Read More »