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Subject Author Date
Advanced Degree tax deductible? srikanth.raghavan 11-03-2007
Posted by srikanth.raghavan on November 3, 2007, 6:10 pm
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 My wife joined a health care company in 2006 as a research
associate and has been working with them since. At the end
of 2006, she went on to pursue an advanced degree (Masters
in Public Health).

She quit her job in October 2007 to focus on the course full time.

Is the course fee for the program tax deductible for the
calendar year 2007?

Thanks

SR.

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Posted by Herb Smith on November 4, 2007, 7:33 am
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 srikanth.ragha...@gmail.com wrote:

> My wife joined a health care company in 2006 as a research
> associate and has been working with them since. At the end
> of 2006, she went on to pursue an advanced degree (Masters
> in Public Health).
>
> She quit her job in October 2007 to focus on the course full time.
>
> Is the course fee for the program tax deductible for the
> calendar year 2007?

Probably not. She might be able to claim a Tuition and Fees
deduction ($4000 maximum) OR a Lifetime Learning Credit for
eligible expenses, but not the entire graduate program fee.
See IRS Pub 970 for details of available tax benefits for
education.

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Benjamin Yazersky CPA on November 4, 2007, 7:33 am
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> My wife joined a health care company in 2006 as a research
> associate and has been working with them since. At the end
> of 2006, she went on to pursue an advanced degree (Masters
> in Public Health).
>
> She quit her job in October 2007 to focus on the course full time.
>
> Is the course fee for the program tax deductible for the
> calendar year 2007?

probably not

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] >>>
-----> real address on hobokeni or hobokenx <-----

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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