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Status of Educator Expense and Tuition and fees Deduction

 

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Status of Educator Expense and Tuition and fees Deduction runtwoday 12-08-2006
Posted by Ira Smilovitz on December 9, 2006, 6:42 am
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> 1040 line 23 Educator expense
> 1040 line 34 Tuition and fees deduction
> Were these deductions which expired last year (12/31/05)extended by
> Congress for 2006?

Not yet, and the odds are shrinking that they still will.

Ira Smilovitz

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Posted by Herb Smith on December 9, 2006, 7:01 am
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runtwoday wrote:

> 1040 line 23 Educator expense
> 1040 line 34 Tuition and fees deduction
> Were these deductions which expired last year (12/31/05)extended by
> Congress for 2006?

Not so far, but you can hope.

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Posted by Harlan Lunsford on December 10, 2006, 8:45 pm
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runtwoday wrote:

> 1040 line 23 Educator expense
> 1040 line 34 Tuition and fees deduction
> Were these deductions which expired last year (12/31/05)
> extended by Congress for 2006?

Here it is Saturday morning and CNN reports that congress
did pass the extenders, meaning both houses it would
appear.

Now then. 2006 tax forms have already been contracted out
to the printers without the necessary lines. Oh boy, THIS
is going to be fun!

And think of those taxpayers who don't read instructions or
may not hear about it.

ChEAr$,
Harlan Lunsord, EA n LA

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<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Rod on December 10, 2006, 8:45 pm
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> 1040 line 23 Educator expense
> 1040 line 34 Tuition and fees deduction
> Were these deductions which expired last year (12/31/05)
> extended by Congress for 2006?

they were extended in bills passed in senate and house last
night or one might more correctly say this morning

<< ======================================================= >>
<< 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 >>
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<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Missy on December 10, 2006, 8:45 pm
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runtwoday wrote:

> 1040 line 23 Educator expense
> 1040 line 34 Tuition and fees deduction
> Were these deductions which expired last year (12/31/05)
> extended by Congress for 2006?

The Congress extended a lot of expired items yesterday, just
before adjurning for the year. It is yet to be seen just
which ones they include.

Missy Doyle

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<< The foregoing was not intended or written to be used, >>
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<< that may be imposed upon the taxpayer. >>
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