Sentences with phrase «deduct qualified education expenses»

You may be able to deduct qualified education expenses paid during the year for yourself, your spouse or your dependent.

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If you're still in school or were enrolled at a university during the tax year, you could deduct up to $ 4,000 in qualified education expenses.

You can also deduct interest on your credit card if it was used to pay for qualified education expenses.

The way it works is you deduct the interest paid on a qualified student loan that you took out to pay for qualified education expenses — yours, your spouse's, or a person who was your dependent when you took out the loan.

You can deduct student loan interest on loans you took out to pay «qualified higher education expenses» (like tuition, fees, room and board, books, and supplies) for yourself, for your spouse (if you file jointly), and for your dependents.

You deduct your expenses for qualifying work - related education directly from your self - employment income on Schedule C. To be work - related education, the training (bootcamp) must maintain or improve skills used in your present business.