Can I Write Off Education Expenses on My Taxes?

Answer The Internal Revenue Code provides incentives for American taxpayers to pursue higher education through tax credits and deductions. Each educational related tax benefit is authorized by separate ru... Read More »

Top Q&A For: Can I Write Off Education Expenses on My Taxes

How do I calculate taxes on expenses?

Obtain the Sales Tax RateContact the city taxing authority to obtain the total sales tax rate on purchases made in that city. The amount of sales tax charged on purchases varies by city, depending ... Read More »

How to Use a Roth for Education Expenses?

If you take note of a few simple rules, you can withdraw money, tax-free, from your Roth IRA to pay for qualified education expenses. In order to avoid a tax hit, you will need to make sure you do ... Read More »

Can i deduct college expenses on my taxes?

You can deduct up to $4,000 (as of 2010) of qualified college expenses on your taxes as an adjustment to income. Qualified expenses include tuition and required fees. However, if you claim this ded... Read More »

Can I deduct tutoring expenses on taxes?

The Internal Revenue Service does not typically allow tax deductions for tutoring expenses. The only exception is if the tutor is recommended by a doctor and the tutor is a qualified and trained to... Read More »