I thought textbooks were tax deductible, however the TaxCut proam says that it is not. What to do?


Posted January 13th, 2009 by admin 4 Comments »
textbooks
MovieBuff asked:


This is what the TaxCut Software says:

In addition, these expenses are not considered qualifying tuition expenses:

Amounts paid for books, supplies, equipment, or nonacademic activities, except for fees required to be paid to the school as a condition of enrollment

This is straight from the software. Is there somewhere else I should be deducting textbooks? Those things are expensive, and would love to deduct them!
Were they deductible at any point? I seem to remember a time when I was asked how much I spent on textbooks and was able to add them to my deductions.

Are the cost of textbooks tax deductible?


Posted January 13th, 2009 by admin No Comments »
textbooks
TJ asked:


If you are a California full-time employee and a parttime student, do you get to claim the cost of textbooks in your Federal and State Income Tax?

Are the cost of textbooks tax deductible?


Posted January 13th, 2009 by admin 2 Comments »
textbooks
TJ asked:


If you are a California full-time employee and a parttime student, do you get to claim the cost of textbooks in your Federal and State Income Tax?

Can I use my textbooks that I use for college as a tax write off?


Posted January 13th, 2009 by admin 11 Comments »
textbooks
Andy asked:


I am well aware of the Hope Credit, but the wording under the Hope Credit says that it can be used for tuition and related expenses. Can anyone help me out on this matter, I’m trying to use every tax break I can here. Any suggestion on if this is Ok, and if there is anything else I may use?

Can I use my tuition fees, textbooks receipts, and other fees for my education when I do my tax return?


Posted January 13th, 2009 by admin 7 Comments »
textbooks
kimberley asked:


I do not know how taxes work so I am assuming they are considered deductions.