Comments on: What educational purchases can I write off on my taxes? http://www.p-e-n.co.uk/what-educational-purchases-can-i-write-off-on-my-taxes/ If you use a Pen then this is for you Sat, 24 Apr 2010 19:39:27 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ashanti Neale http://www.p-e-n.co.uk/what-educational-purchases-can-i-write-off-on-my-taxes/comment-page-1/#comment-265 Ashanti Neale Wed, 04 Jun 2008 21:18:29 +0000 http://www.p-e-n.co.uk/what-educational-purchases-can-i-write-off-on-my-taxes/#comment-265 Sorry, but educational write offs only apply AFTER you are employed and need to do continuing education to maintain your employment or prepare for a follow on role. If you are a student, (even with a part time job) you are not eligible to claim educational expense deductions. Sorry, but educational write offs only apply AFTER you are employed and need to do continuing education to maintain your employment or prepare for a follow on role.

If you are a student, (even with a part time job) you are not eligible to claim educational expense deductions.

]]> By: Layton Sage http://www.p-e-n.co.uk/what-educational-purchases-can-i-write-off-on-my-taxes/comment-page-1/#comment-264 Layton Sage Tue, 03 Jun 2008 00:39:51 +0000 http://www.p-e-n.co.uk/what-educational-purchases-can-i-write-off-on-my-taxes/#comment-264 You would not be able to get a tax benefit for any of those items. Students receive tax benefits by claiming either the tuition deduction or one of the education credits. You are permitted to claim whichever gives you the most tax savings, although you cannot claim both. Both the deduction and the credit are computed using "qualified educational expenses." Qualified educational expenses do not include books, computers, or other supplies. An exception is if those items must be purchased from the school as a condition of enrollment, but that is rare. You would not be able to get a tax benefit for any of those items.

Students receive tax benefits by claiming either the tuition deduction or one of the education credits. You are permitted to claim whichever gives you the most tax savings, although you cannot claim both. Both the deduction and the credit are computed using “qualified educational expenses.”

Qualified educational expenses do not include books, computers, or other supplies. An exception is if those items must be purchased from the school as a condition of enrollment, but that is rare.

]]> By: Dennis Rawlinson http://www.p-e-n.co.uk/what-educational-purchases-can-i-write-off-on-my-taxes/comment-page-1/#comment-263 Dennis Rawlinson Mon, 02 Jun 2008 09:43:35 +0000 http://www.p-e-n.co.uk/what-educational-purchases-can-i-write-off-on-my-taxes/#comment-263 What is your proof? did they tell you exactly what laptop to buy? Could you only buy it from them? If you didn't buy it could you still attend class? The IRS generally doesn't allow deductions for laptops or textbooks. What is your proof? did they tell you exactly what laptop to buy? Could you only buy it from them? If you didn’t buy it could you still attend class?

The IRS generally doesn’t allow deductions for laptops or textbooks.

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