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What educational expenses are tax deductible?

The IRS considers numerous education expenses as tax deductible including tuition, books, supplies, laboratory fees, etc. You may also deduct other non-school related education costs including fees paid for formal training and research for an educational program. Transportation and travel expenses to attend qualified educational activities may also be deductible. However, the specific deductions you qualify for will depend on your unique financial situation. For more information, you should check out the IRS’ website or speak to a qualified tax professional.

Print | posted on Monday, December 17, 2007 1:39 PM | Filed Under [ Frequently Asked Questions ]

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