TaxAudit Blog

There is no tax benefit for applying to enter a college. However, many benefits are available when your application has been accepted and after you enroll.

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While homeschooling, can you deduct the cost of classes for skills that the homeschooling parent doesn’t possess, such as ballet classes or piano lessons?

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With all the required tuition, books, and fees for college students, not to mention the cost of room and board - what education expenses are tax deductible?

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Under some circumstances, you can indeed deduct off-campus housing on your taxes while attending college – but the amount of the benefit is limited.

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The short answer is yes, you can deduct education expenses for your dependents, but some limitations and qualifications must be met. Let's explore more.

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Kindergarten tuition is not deductible because the costs to attend are considered educational expenses. However, qualifying childcare expenses are deductible.

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Can Grandparents take a deduction for paying the preschool tuition costs when the child still lives with the parents? To qualify you must meet the following.

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There are some parts of the tax code that, in fact, can allow tuition fees to be fully deductible. However, in most cases you cannot deduct private tuition.

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Under certain circumstances you can indeed claim a tax benefit for preschool tuition - called the Child and Dependent Care Expenses tax credit.

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Yes, of course – well, maybe. Like many tax deductions, the student loan interest deduction for parents comes with a list of conditions that must be met.

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A tax deduction for qualified tuition expenses has generally been available for many years. However, it has never been a permanent part of the tax code.

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Paying for college tuition is an expensive endeavor. Fortunately for those who qualify, there are some tax breaks available.

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If the taxpayer has costs for after school care of a qualifying dependent, those costs may provide some tax benefits. Let's explore these tax benefits.

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Yes, you can deduct student loan interest on your tax return if you meet the specific requirements to claim this deduction. The amount you can claim will vary.

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You can reduce your risk of falling victim to scammer's schemes by developing a basic understanding of what the IRS can and cannot do.

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For the American Opportunity Credit, a student is required to be in pursuit of a degree or recognized education credential and be enrolled at least half-time

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Are Education Tax Credits Available When the Education Expenses are Covered by a Scholarship or Grant?

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We wanted to let you know that, yes, there are some tax benefits to hitting the books.

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Since 2008, college costs in the U.S. have risen 30%. Many folks' salaries are not keeping pace.

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The IRS opened up its LITC grant application process for organizations looking to serve and educate low-income taxpayers.

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In the Fall my son will go to college and I will be paying his tuition. Can I still claim Head of Household status for my taxes while he is attending college?

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With the costs of obtaining a Master of Business Administration skyrocketing - often costing up to $80,000 - you might be wondering: is my MBA tax deductible?

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If you have started a family, you know there are many things to take into consideration, including planning for your child’s education. 

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My wife is a nurse, but she does not have a degree. She is interested in taking classes to get a BSN degree - a bachelor of science in nursing.

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We adopted our grandson three years ago - he is now a freshman in high school. When he goes to college, will his tuition be tax deductible? 

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