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anyone know if you can claim test fees on taxes?
#6
bricabrac Wrote::iagree: I spoke to my accountant about this just last week and yes, you can claim all the test expenses. Just hold on to your receipts. Proxy fees as well if you have to pay them.


Did the account say if it was covered under the Hope or lifetime learning or both?

Here is a link with info on both :
College Tuition - education tax credits - hope tax credit, lifetime learning

It appears for one to claim the Hope credit you have to be enrolled at least half-time. Check Box 8 on your 1098-T to see if your school reported you as "at least half-time student".

The lifetime learning credit does not seem to have that same stipulation but it seems to only cover tuition and fees.

Here is an IRS pub. that might be helpful : http://www.irs.gov/pub/irs-pdf/p970.pdf
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Messages In This Thread
anyone know if you can claim test fees on taxes? - by peace123 - 01-27-2010, 06:26 PM

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