[VIEWED 5056
TIMES]
|
SAVE! for ease of future access.
|
|
|
carixma
Please log in to subscribe to carixma's postings.
Posted on 04-09-08 2:17
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
Tax question.
Can individual " somehow" deduct his expenses for the "extra" 22 credit needed to qualify for the 150 credit requirement for the CPA exam in tax?
|
|
|
|
deshbhaktanepali
Please log in to subscribe to deshbhaktanepali's postings.
Posted on 04-09-08 2:24
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
You can deduct upto a certain limit of education credit under lifetime education credit for education which is needed to improve your skills and maitain your job. But the amount is calculated based on your taxable income so doesn't amount much. It can be only a small portion of your total school bill. I hope this help.
|
|
|
carixma
Please log in to subscribe to carixma's postings.
Posted on 04-09-08 2:30
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
i want to know tht if 22 extra credit expenses which is needed to qualify for the 150 credits for cpa can be deducted as "misc itemized deduction".
|
|
|
deshbhaktanepali
Please log in to subscribe to deshbhaktanepali's postings.
Posted on 04-09-08 2:38
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
No, as far as I know because 150 credits is required for you to meet the minimum crietria. So, you can only deduct as an education expense not itemized deduction.
|
|
|
carixma
Please log in to subscribe to carixma's postings.
Posted on 04-09-08 2:42
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
Thank you so much deshbaktanepali. I needed this answer for my bonus points for my tax class. You save my life..
|
|
|
deshbhaktanepali
Please log in to subscribe to deshbhaktanepali's postings.
Posted on 04-09-08 2:50
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
carixma...you still taking tax class?? better transfer to STEM dude. That may better save your life in future. :)
|
|
|
syanjali
Please log in to subscribe to syanjali's postings.
Posted on 04-09-08 3:48
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
It does not matter how many credits you take, it comes under education.
If you pass CPA, will be better than STEM.
|
|
|
eyes_nepal
Please log in to subscribe to eyes_nepal's postings.
Posted on 04-09-08 4:11
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
That's right Once you pass CPA or even you pass some part of CPA you can sell yourself easily.
|
|
|
deshbhaktanepali
Please log in to subscribe to deshbhaktanepali's postings.
Posted on 04-09-08 4:30
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
hehehehehehhehehehehehhehehehehehehheheheheheheheh
|
|
|
carixma
Please log in to subscribe to carixma's postings.
Posted on 04-09-08 10:45
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0
?
|
|
So i can deduction as college credit for 22 extra credit but not misc itemized deduction right?
|
|