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    cooldude444's Avatar
    cooldude444 Posts: 5, Reputation: 1
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    #1

    Nov 16, 2007, 11:31 AM
    Claiming Tuition on Taxes While Working and going to School
    Hi,
    I reside in California and am working full time and going to school part-time.
    Can I claim the money that I pay as my Tuition fees on my taxes i.e. Can I use the money to reduce my tax bracket?

    Thanks...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Nov 16, 2007, 04:07 PM
    Virtually any type of higher education is eligible for the Lifetime Learning Credit or the tuition deduction, which can be claimed on Form 1040 as an adjustment to income.
    Mobea's Avatar
    Mobea Posts: 220, Reputation: 15
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    #3

    Nov 18, 2007, 09:18 AM
    Depending on what year of college you are in, you may be eligible for the Hope Educational Credit or the Lifetime Educational Credit. Sometimes it is better, depending on income, to claim the tuition as a deduction rather than credit. I usually figure it all three ways for a taxpayer. (Actually my tax program figures it automatically and chooses the best way) Here is the IRS web page concerning tuition and credits.
    Publication 970 (2006), Tax Benefits for Education
    s_cianci's Avatar
    s_cianci Posts: 5,472, Reputation: 760
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    #4

    Nov 18, 2007, 09:20 AM
    No. Educational expenses are not deductible.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #5

    Nov 18, 2007, 09:37 AM
    Quote Originally Posted by s_cianci
    No. Educational expenses are not deductible.
    Cianci:

    On what basis do you make this claim?
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