skip navigation

Search Help
Navigation Help


Main Topics
A B C D E F G H I
J K L M N O P Q R
S T U V W X Y Z #


FAQs
Forms
Publications
Tax Topics


Comments
About Tax Map

previous pagePrevious Page: Itemized Deductions/Standard Deductions > Autos, Computers, Electronic Devices (Listed Property)
next pageNext Page:  Itemized Deductions/Standard Deductions > Gifts & Charitable Contributions
 Use previous pagenext page to find additional instances of index items.

Frequently Asked Tax Questions

Itemized Deductions/Standard Deductions - Education & Work-Related Expenses


Rev. date: 1/2009

What types of educational expenses are deductible?


spacer

previous topic occurrence Education Expenses next topic occurrence

Deductible educational expenses include:

Rev. date: 1/2009

Can I deduct the cost of classes I need for work?


spacer

previous topic occurrence Education Expenses next topic occurrence

In some cases, you may be able to deduct the cost of classes you need for work.
 

Rev. date: 1/2009

Am I eligible to claim both my job education expenses (minus 2% of AGI) and the Lifetime Learning Credit on my taxes?


spacer

previous topic occurrence Education next topic occurrence
previous topic occurrence Education Credits (Hope and Lifetime Learning Credits) next topic occurrence
previous topic occurrence Education Expenses next topic occurrence
previous topic occurrence Employee Business Expenses next topic occurrence
previous topic occurrence Hope and Lifetime Learning Credits next topic occurrence
previous topic occurrence Lifetime Learning Credit next topic occurrence

If you are eligible to deduct educational expenses and are also eligible for the lifetime learning credit, then it is possible to claim both. You cannot use the SAME educational expenses (no “double benefit”) to claim both benefits.

Rev. date: 1/2009

My employer is including my graduate school tuition reimbursements on my W-2 as wages. Where do I claim these education expenses on my Form 1040?


spacer

previous topic occurrence Education Expenses next topic occurrence
previous topic occurrence Employee Business Expenses next topic occurrence
previous topic occurrence Reimbursement next topic occurrence
previous topic occurrence Tuition next topic occurrence

If your graduate school tuition is deductible and the reimbursements are included in your income as wages, you may take the expense as a miscellaneous itemized deduction on Form 1040, Schedule A (PDF), Itemized Deductions.

Rev. date: 1/2009

What are the limits for deducting interest paid on a student loan?


spacer

previous topic occurrence Education Expenses next topic occurrence
previous topic occurrence Interest Expense next topic occurrence
previous topic occurrence Loan next topic occurrence
previous topic occurrence Student Loan Interest Deduction next topic occurrence
previous topic occurrence Student Loan Interest Statement (Info Copy Only) next topic occurrence

The maximum deductible interest on a qualified student loan is $2,500 per return. 

There is no deduction if:

Rev. date: 1/2009

Last year, my parents took out a student loan for me in their name and I also took out a student loan. My parents received Form 1098-E for their loan and I also received Form 1098-E for my loan. Can we both claim the interest from the loans on our tax returns? Last year, I was not their dependent.


spacer

previous topic occurrence Education Expenses next topic occurrence
previous topic occurrence Interest Expense next topic occurrence
previous topic occurrence Loan next topic occurrence
previous topic occurrence Student Loan Interest Deduction next topic occurrence
previous topic occurrence Student Loan Interest Statement (Info Copy Only) next topic occurrence

Since you were not your parents' dependent when they took out the student loan, the interest they paid on the loan does not qualify for deduction.

Rev. date: 1/2009

How do I claim an educational expense on my return?


spacer

previous topic occurrence Education Expenses next topic occurrence

As an employee, you may be able to deduct qualified work related education expenses as an itemized deduction.
Self-employed individuals include educational expenses as deductions on one of the following forms:
previous pagePrevious Page: Itemized Deductions/Standard Deductions > Autos, Computers, Electronic Devices (Listed Property)
next pageNext Page:  Itemized Deductions/Standard Deductions > Gifts & Charitable Contributions
 Use previous pagenext page to find additional instances of index items.