Comments on: Tuition and Fees Deduction Expiring At The End Of 2009 http://financialducksinarow.com/1551/tuition-and-fees-deduction-expiring-at-the-end-of-the-year/?utm_source=rss&utm_medium=rss&utm_campaign=tuition-and-fees-deduction-expiring-at-the-end-of-the-year Articles about retirement savings & income, investing, and income tax Wed, 08 Feb 2012 16:37:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jblankenship http://financialducksinarow.com/1551/tuition-and-fees-deduction-expiring-at-the-end-of-the-year/#comment-365 jblankenship Mon, 21 Sep 2009 03:31:23 +0000 http://financialducksinarow.com/?p=1551#comment-365 In my understanding, the tuition and fees deduction is available for any eligible student taking at least one course or more at an eligible institution. The Lifetime Learning credit must either be part of a degree program or taken by the student to improve job skills, but is also for the student taking one or more courses at an eligible institution. The Hope credit is only available to students in the first two academic years, and the student must be enrolled at least half-time (half of the institution's definition of full-time) at an eligible institution. Perhaps I'm reading something wrong - I just double-checked that with Pub 970 - or is there somewhere else that you're reading about the restrictions? In my understanding, the tuition and fees deduction is available for any eligible student taking at least one course or more at an eligible institution. The Lifetime Learning credit must either be part of a degree program or taken by the student to improve job skills, but is also for the student taking one or more courses at an eligible institution. The Hope credit is only available to students in the first two academic years, and the student must be enrolled at least half-time (half of the institution’s definition of full-time) at an eligible institution.

Perhaps I’m reading something wrong – I just double-checked that with Pub 970 – or is there somewhere else that you’re reading about the restrictions?

]]> By: Helen http://financialducksinarow.com/1551/tuition-and-fees-deduction-expiring-at-the-end-of-the-year/#comment-363 Helen Sun, 20 Sep 2009 12:40:52 +0000 http://financialducksinarow.com/?p=1551#comment-363 My understanding of the current tax deductions for tuition is that it is only available to student enrolled in a degree-awarding program. Do you have any suggestions for folks who are going back to school for a class or two at the local college? There ought to be some help for folks who are trying to improve or broaden their skillset. My understanding of the current tax deductions for tuition is that it is only available to student enrolled in a degree-awarding program. Do you have any suggestions for folks who are going back to school for a class or two at the local college? There ought to be some help for folks who are trying to improve or broaden their skillset.

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