Can i deduct college expenses on my taxes?

Answer 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 »

Top Q&A For: Can i deduct college expenses on my taxes

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 »

How to Deduct Medical Expenses on Taxes?

The United State Internal Revenue Service (IRS) allows tax payers the option to deduct some medical expenses. If you have paid 7.5 percent or higher of your Adjusted Gross Income (AGI) toward medic... Read More »

Can you deduct assisted living expenses on taxes?

A clause in the 1996 Health Insurance Portability and Accountability Act allows those who are chronically ill to claim assisted living expenses as tax deductible. To qualify as chronically ill, a p... Read More »

Can I deduct day care expenses from my taxes?

Expenses used exclusively for your day care business are deductible, as are at least a portion of expenses shared by your business and your household. Keep accurate records and save receipts so tha... Read More »