Education Expenses

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Glossary: Lifetime Learning Credit

By | March 29th, 2017|Categories: Glossary|Tags: , , , |

The Lifetime Learning Credit is a tax credit available for taxpayers who pay college expenses. This credit is similar to the American Opportunity Credit, but there are some key difference

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From the Archives: Iowa Tuition & Fees Deduction — A Reminder from IDR

By | May 27th, 2014|Categories: From the Archives|Tags: , |

It's a holiday week, which means I'm digging into the archives to pull out popular stories from the past. This story from April 2012 reminds Iowans that the deduction on an Iowa tax return for college tuition expenses can only be taken if the same deduction was taken on the federal tax return. ----- (Originally published [...]

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Iowa Tuition & Fees Deduction – A Reminder from IDR

By | April 11th, 2012|Categories: Potpourri of Tax Topics, State Taxes|Tags: , , , |

You can only take the tuition and fee deduction on your Iowa return if you took it on your federal return.

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Real Estate Broker’s Deduction for Flight Lessons Fails to Take Flight in Tax Court

By | January 4th, 2012|Categories: Small Businesses Taxes|Tags: , |

A real estate broker's attempt at deducting the cost of flight lessons as a business expense crashed and burned in Tax Court on Tuesday. The broker, from Louisiana, evaluates properties and creates sales materials to present to potential buyers. Part of his evaluation process involves taking aerial pictures of the property. Up through 2007, he would [...]

Q & A Fridays — Car Expenses, Educator Expenses and 529 Plans

By | December 9th, 2011|Categories: Small Businesses Taxes|Tags: , , , |

Have a tax question burning in your mind? E-mail me at dinesentax@gmail.com.WARNING: I cannot provide specific tax advice to you by e-mail. If you e-mail a question, it will be published in a future Ask Jason segment with an answer that is general to your situation. I cannot personally reply with a specific answer. If you [...]

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