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

Posted byMessage
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
19964 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
19964 posts

re: Education Tax Credit Question ( now NSFW)




Back to top
Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
16022 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
19964 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
65502 posts
 Online 

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
36635 posts
 Online 

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
9684 posts

re: Education Tax Credit Question ( now NSFW)


arse sells





Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
19964 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
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
3179 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.







Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
19964 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
42191 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
19964 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

Image Link

Image Link

Image Link

Image Link

Image Link

Image Link


Image Link

Image Link






Back to top
  Replies (0)
Gmorgan4982
LSU Fan
Member since May 2005
101252 posts

re: Education Tax Credit Question ( now NSFW)


Look into the Lifetime Learning Credit.

LINK






Back to top
  Replies (0)


Back to top