I didn't know you could't write off educational expenses. - GoFuckYourself.com

tical · 01-02-2009, 05:37 PM

What a crock of shit.

"You may be able to deduct work?related educational expenses paid during the year as an itemized deduction on Form 1040, Schedule A (PDF). To be deductible, your expenses must be for (1) education that maintains or improves your job performance or (2) serves the purpose of your employer and is required by the employer or by law to keep your salary, status or job, and (3) the education is not part of a program that will qualify you for a new trade or business.

Although the education must relate to your present work, educational expenses incurred during temporary absence from your job may be deductible. However, after your temporary absence, you must return to the same kind of work. Usually, absence from work for one year or less is considered temporary. "

TyroneGoldberg · 01-02-2009, 05:41 PM

why is that a crock of shit?

tical · 01-02-2009, 05:47 PM

Quote:

Originally Posted by TyroneGoldberg

why is that a crock of shit?

I just don't see how creating an obstacle like this helps advance the American people.

TyroneGoldberg · 01-02-2009, 05:50 PM

it's no diiferent than being able to write off the interest on your student loans...

oh sorry

. i misread the title I thought it said you could write off educational expenses...next time i'll read..

WiredGuy · 01-02-2009, 05:52 PM

I don't get it, whats wrong with being able to expense educational expenses, it advances your knowledge and creates better employees.
WG

tical · 01-02-2009, 05:53 PM

Quote:

Originally Posted by TyroneGoldberg

it's no diiferent than being able to write off the interest on your student loans...

oh sorry

. i misread the title I thought it said you could write off educational expenses...next time i'll read..

Haha, I just noticed I misspelled that...

tical · 01-02-2009, 05:54 PM

Quote:

Originally Posted by WiredGuy

I don't get it, whats wrong with being able to expense educational expenses, it advances your knowledge and creates better employees.
WG

I meant couldn't - I missed the N! heheh

01-02-2009, 05:37 PM	#1
tical Confirmed User Join Date: Feb 2002 Location: Las Vegas Posts: 6,504	I didn't know you could't write off educational expenses. What a crock of shit. "You may be able to deduct work?related educational expenses paid during the year as an itemized deduction on Form 1040, Schedule A (PDF). To be deductible, your expenses must be for (1) education that maintains or improves your job performance or (2) serves the purpose of your employer and is required by the employer or by law to keep your salary, status or job, and (3) the education is not part of a program that will qualify you for a new trade or business. Although the education must relate to your present work, educational expenses incurred during temporary absence from your job may be deductible. However, after your temporary absence, you must return to the same kind of work. Usually, absence from work for one year or less is considered temporary. " __________________ 112.020.756

01-02-2009, 05:50 PM	#4
TyroneGoldberg Confirmed User Join Date: Sep 2007 Posts: 1,081	it's no diiferent than being able to write off the interest on your student loans... oh sorry. i misread the title I thought it said you could write off educational expenses...next time i'll read..

01-02-2009, 05:52 PM	#5
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,461	I don't get it, whats wrong with being able to expense educational expenses, it advances your knowledge and creates better employees. WG __________________ I play with Google.

01-02-2009, 05:41 PM	#2
TyroneGoldberg Confirmed User Join Date: Sep 2007 Posts: 1,081	why is that a crock of shit?