Are educational expenses deductible on my tax return?
Through year 2013, you are entitled to a deduction on your tax return for the cost of post-high school education of up to $4,000 regardless of whether the education was job related.
Other Educational Expenses
Educational expenses are also deductible if the courses help you maintain or improve your skills in your present occupation. If the education will qualify you for a new trade or business, they are not deductible. This type of expense is deductible as an itemized deduction under "miscellaneous deductions."
If the education is the actual travel, the expenses
are not deductible under any circumstances. An example of educational
travel would be a French teacher traveling to France to improve his/her
language skills. If the travel was incurred to attend a university, the
teacher may be able to deduct the travel expenses. Deducting foreign
travel is a complicated sujbect. Again, you need professional advise on this
topic and should speak with us or your personal tax advisor.
Again, this type of deduction usually need the help of a tax professional.
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