1
   

Tax Question

 
 
Reply Sun 20 Feb, 2005 08:52 pm
I am a full-time high school teacher doing his own taxes (not that impressive as there's not that much to do). I have enlisted the help of TurboTax.

My question: I am taking a correspondence paralegal course, which is DETC approved. Is this course deductible?

Thank you.
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 1 • Views: 1,014 • Replies: 2
No top replies

 
fishin
 
  1  
Reply Mon 21 Feb, 2005 10:56 am
What is "DETC"???

If the course is toward you either earning a degree or necessary for "improving job skills" then you should be able to claim it as a Qualified Education Expense. If it doens't work towards either of those then the IRS considers it as you "taking it for fun" and you can't claim it.

Depending on where it falls it could be a tax deduction or a tax credit.

Look at IRS Publication 970. http://www.irs.gov/publications/p970/index.html
0 Replies
 
bermbits
 
  1  
Reply Mon 21 Feb, 2005 02:10 pm
Thanks...
Thank you!!!

The IRS Publication is the one I believe I need.
DETC stands for Distance Education and Training Council - it's an accreditation body.
0 Replies
 
 

Related Topics

Where is the US economy headed? - Discussion by au1929
Shopping Around For Loans - Question by Brandon9000
What is greed? - Discussion by Robert Gentel
bonds series h - Question by allen russell
Naked Short Selling - Question by optimus cubed
HOW TO GET WEALTHY - Discussion by farmerman
 
  1. Forums
  2. » Tax Question
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 04/26/2024 at 08:29:16