Thursday, September 16, 2010

IRS.GOV - Education & Work-Related Expenses

Question: What types of educational expenses are deductible?

Answer: Deductible educational expenses include:

Amounts spent for tuition, books, supplies, laboratory fees and similar items.
Transportation and travel expenses to attend qualified educational activities may also be deductible.

For more information, refer to Publication 970, Tax Benefits for Education; Chapter 12.

For work-related education expenses, refer to Tax Topic 513, Educational Expenses.

For more information, contact Elite Bookkeeping & Tax Services at (800) 416-3820 or (775) 884-6188 Address: 123 West Nye Lane, Suite 103, Carson City, NV 89706. Visit our website at www.elitebookkeeping.biz

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