Education Tax Credit Question ( now NSFW) | TigerDroppings.com

Posted byMessage
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17597 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



Back to top
Share:
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17597 posts

re: Education Tax Credit Question ( now NSFW)


Bump







Back to top
Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15603 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.





Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17597 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?






Back to top
Lsut81
USA Fan
Member since Jun 2005
65089 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.






Back to top
  Replies (0)
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35648 posts

re: Education Tax Credit Question ( now NSFW)


Around 5 hours and no response.

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






Back to top
BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9664 posts

re: Education Tax Credit Question ( now NSFW)


arse sells





Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17597 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.






Back to top
white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2870 posts

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.







Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17597 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






Back to top
BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41907 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





Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17597 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

<---------This machine runs on props

Let me show my appreciation






















Back to top
  Replies (0)
Gmorgan4982
LSU Fan
Member since May 2005
100409 posts
 Online 

re: Education Tax Credit Question ( now NSFW)


Look into the Lifetime Learning Credit.

LINK






Back to top
  Replies (0)


Back to top