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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27561 posts

Education Tax Credit Question ( now NSFW)

I'm just curious, if I wanted to take night classes at a trade school, for let's say Auto Mechanics as an example, would that be eligible for the American Opportunity Tax Credit?

I already deduct my required Continuing Ed courses for my licenses, but I want the CREDIT.

Can you tell I'd rather have that money go anywhere besides the IRS?
This post was edited on 3/27 at 12:45 pm



Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27561 posts

re: Education Tax Credit Question ( now NSFW)
Bump



Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17612 posts

re: Education Tax Credit Question ( now NSFW)
YOu probably won't meet the eligibility requiement as a 1/2 time student. See question 12 at the LINK.


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27561 posts

re: Education Tax Credit Question ( now NSFW)
quote:

YOu probably won't meet the eligibility requiement as a 1/2 time student. See question 12 at the LINK.


Looks like my MAGI is too high to qualify for the credit. But what about a deduction? Could I claim the auto courses were usual and customary business expenses because of the mileage and/maintenance I require for my day to day operations?


Lsut81
USA Fan
Member since Jun 2005
66249 posts

re: Education Tax Credit Question ( now NSFW)
You should be able to claim the Continuing Education Credit...

I did for a certification I got a few months back from a University.


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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
39147 posts

re: Education Tax Credit Question ( now NSFW)
Around 5 hours and no response.

Nice arse pic included, response rate sees 10 fold increase.


BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9759 posts

re: Education Tax Credit Question ( now NSFW)
arse sells


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27561 posts

re: Education Tax Credit Question ( now NSFW)
quote:

ass sells


Yeah it does, unfortunately it's a unique type of commodity that most like to "Buy and Hold" even though it's a depreciating asset.


white perch
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
3879 posts
Online

re: Education Tax Credit Question ( now NSFW)
quote:

ass sells


quote:

Yeah it does, unfortunately it's a unique type of commodity that most like to "Buy and Hold"


I use mine for oil and gas exploration. I'm laying pipe on 3 different properties right now.



Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27561 posts

re: Education Tax Credit Question ( now NSFW)
quote:

I'm laying pipe on 3 different properties right now.


It's always wise to diversify


BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
43122 posts

re: Education Tax Credit Question ( now NSFW)
If feel if the Money board and OT Lounge had a baby it would be this thread... Well done sir


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27561 posts

re: Education Tax Credit Question ( now NSFW)
quote:

If feel if the Money board and OT Lounge had a baby it would be this thread... Well done sir


Since

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Gmorgan4982
Member since May 2005
101746 posts

re: Education Tax Credit Question ( now NSFW)
Look into the Lifetime Learning Credit.

LINK


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