Publication 508 |
2000 Tax Year |
Introduction
This publication discusses work-related educational expenses that
you may be able to deduct as business expenses. It also discusses the
exclusion from income of employer-provided educational assistance
benefits.
To be able to deduct work-related educational expenses, you must:
- Be working,
- Itemize your deductions on Schedule A (Form 1040) if you are
an employee, and
- Have expenses for education that meets the requirements
discussed under Qualifying Education.
Educational expenses that are not work related, such as the costs
of sending your children to college, are personal expenses that you
cannot deduct. However, you may be eligible for a deduction of
interest you pay on a qualified student loan, and for other tax
benefits explained in Publication 970,
Tax Benefits for Higher
Education.
Some work-related educational expenses may also be qualifying
expenses for a Hope or lifetime learning credit. You may want to
figure your taxes using the expenses as deductions, and again using
the expenses as the basis for a Hope or lifetime learning credit. You
can then choose the method that gives you the lower tax liability. See
Publication 970
for information on the Hope and lifetime learning
credits.
Comments and suggestions.
We welcome your comments about this publication and your
suggestions for future editions.
You can e-mail us while visiting our web site at
www.irs.gov/help/email2.html.
You can write to us at the following address:
Internal Revenue Service
Technical Publications Branch
W:CAR:MP:FP:P
1111 Constitution Ave. NW
Washington, DC 20224
We respond to many letters by telephone. Therefore, it would be
helpful if you would include your daytime phone number, including the
area code, in your correspondence.
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