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What qualified education expenses can I use on my return?

Generally, the only expenses that qualify are the tuition and the fees that are required for enrollment or attendance at any accredited college, vocational school, or other post-secondary educational institution eligible to participate

Why is there a separate section for travel expenses for Reservists and Performing Artists?

Generally, employee expenses are deductible only on line 21 of Schedule A (Form 1040). When you deduct your expenses on line 21 of Schedule A, the net deduction is limited by the 2% rule. In addition, the expenses can only be deducted

Example of how to report Qualified Education Expenses involving a 1099-Q

Dave received a 1099-Q for a distribution that he received from his QTP (Qualified Tuition Program). His gross distribution (box 1) was $5000 and his earnings (box 2) were $1500. Throughout the year, he paid qualifying expenses totalling

Who qualifies to deduct expenses in the section for Reservists and Performing Artists?

If you are one of the individuals discussed below, special rules apply to deducting your employee business expenses. Any expenses you incurred while employed in one of the following should generally be deducted in the section

Whose medical expenses can I deduct on my return?

You can include in your deduction for Medical and Dental Expenses any qualifying medical and dental bills you paid for: Yourself and your spouse. All dependents you claim on your return. Your child that you do not claim as a dependent

Why isn't my credit for dependent care expenses showing up?

This article is intended for users who are attempting to take the Credit for Dependent Care Expenses, but it does not appear to be calculating on their return. If you did not pay for child care expenses, no credit should be calculating

Ten Tips on Tax Credits for Child and Dependent Care Expenses

claiming the credit for child and dependent care expenses. 1. The care must have been provided for one or more qualifying persons. A qualifying person is your dependent child age 13 or younger when the care was provided. Additionally, your

Federal Section > Deductions > Adjustments

· Health Savings Account (Form 8889) · Moving Expenses · Contributions to SEP, Simple and Qualified Plans · Self-Employed Health Insurance · Penalty on Early Withdrawal · Alimony Paid · IRA Deduction · Nondeductible IRAs · Student Loan

What kinds of medical and dental expenses can or cannot be deducted?

If you itemize your deductions on Form 1040, Schedule A, you may be able to deduct expenses you paid for medical care – including dental – for yourself, your spouse, and your dependents. You may deduct only the amount by which your total

10 Tips to Ease Tax Time for Military

Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning from active duty and more. These tips may put military members