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Home > Money & Services > Taxes   »   What are the expenses we can include when applying for a TAX return.

 
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Old May 8, 2008, 10:26 AM
rahul2000
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What are the expenses we can include when applying for a TAX return.

When applying for a TAX return, what are the expenses one can include.? For example if I did an IT training course an dpaid for that out of my pocket. Can that be included in TAX refund.? Also the relocation cost from another country to USA, Can be included.?

Thanks,
Daniel

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Old May 8, 2008, 10:46 AM   #2  
MukatA
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Did you receive 1098-T?
For tuition and fees deduction:
In 2007 you can deduct Qualified Education expenses for Tuition and fees required for enrollment or attendance at any eligible postsecondary educational institution. The maximum benefit allowed is that it can reduce your taxable income by $4,000.

For moving expense deduction, read Your U.S. Tax Return: Moving Expenses
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Old May 8, 2008, 11:01 AM   #3  
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You can also deduct the IT training as an employee business expense IF the IT training improves your current job skills WITHOUT qualifying you for a second profession.

However, employee business expenses are an ITEMIZED deduction, so your aggregate itemized deductons must exceed your standard deduction.
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