Posts tagged as:

educational expenses

Back to School: Education Savings Bonds

25 September 2011

Okay, you already know how savings bonds work… They’re backed by the federal government so the principal is guaranteed. When you buy them, federal savings bonds earn interest which is free from state and local income taxes. Federal income tax on the bonds is generally deferred until you cash the bonds in or until they [...]

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Should a “Graduate Tax” Be Tied to Earnings?

10 August 2010

When I was in college, I spent a year in the northeast of England (Hull, to be exact) on an exchange program. I had a blast. I also learned a lot about the British educational system. My peers also learned a lot about our system in the US – and were shocked to learn how [...]

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Ask the taxgirl: Deducting College Expenses

3 April 2010

Taxpayer asks: I am retired and my wife and I support a son in college. We send him $2000/mo for room and board and I spend another $900/month paying off his Sallie Mae student loans. Is any of this deductible? If so, where do I declare it on my tax form. I generally use an [...]

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Congress Considers Jobs & Tax Bill (Again)

12 March 2010

Watching Congress do anything this year is kind of like being forced to sit through “Waterworld”… You thought you knew what you were in for but at some point it’s just tiresome and long and halfway through, you have no idea what’s really going on. Although, for the sake of clarification, I am in no [...]

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Ask the taxgirl: Work-Related Education

28 February 2010

Taxpayer asks: Hi Taxgirl, This is related to a previous question your answered. I am searching all over the place for the answer to this question, and I can’t seem to find it. I know that my work-related education is tax deductible and that I have to include it on my Schedule C form. However, [...]

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Ask the taxgirl: Unpaid Internships

13 September 2009

Taxpayer asks: Hi Kelly, I had a tax question about unpaid internships and being able to deduct the expenses of that internship on your taxes. From all of the research I did I was unable to find anything that would allow for such a thing. It seems that without a 1099 or w-2 from the [...]

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