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View Full Version : Tuition and Caharity Deduction?


palaremzi
Feb 12, 2008, 12:45 PM
Hi

This year I've paid for my wife's ESL tuition and contributed to a non-profit organization as well (their status is 501-c). Can I deduce these in addition to standard deductions? (married filing jointly so the standard deduction is $10,300 I believe).

Thank you

palaremzi
Feb 13, 2008, 05:26 PM
Help please..

MukatA
Feb 13, 2008, 06:32 PM
Contributions are itemized deduction so either go for standard deduction or itemized deduction?
In 2007 you can deduct Qualified Education expenses for Tuition and fees required for enrollment or attendance at any eligible postsecondary educational institution for yourself, your spouse or your dependent for whom you claim an exemption. The maximum benefit allowed is that it can reduce your taxable income by $4,000.
It is shown as adjustment to income on Form 1040, line 34 or 1040A, line 19.