The National Directory of
Certified Public Accountants

Ask A CPA - Educational Tax Benefits

1. American Opportunty credit partially limited - carried forward to next year?

2. Are Fellowship payments taxable?

3. Are the costs I pay for my Law Review courses deductible?

4. Are the costs of Continuing Education classes to keep my job skills sharp deductible?

5. Are the costs of my secondary teacher college courses deductible?

6. As a doctor, Refresher courses - deductible ?

7. As an attorney , can I deduct the costs of a master's law degree program ( LLM ) ?

8. Can I claim both the Lifetime Learning tax credit and a American Opportunity credit in the same tax year?

9. Can I deduct my child's college tuition ?

10. Claiming Non dependents tuition

11. College academic scholarship designated for tuition and books - taxable?

12. College courses and related Books

13. College scholarship - support for the 50% dependency support test

14. College tuition and Room and Board

15. CPA review course - deductible?

16. Do payments to my grandchild's tuition reduce the annual gift tax exclusion?

17. Education - Employer Reimbursements

18. Educational Assistance Plans

19. Employer Reimbursements - Accountable Plan

20. Employer Reimbursements - Education = Nonaccountable Plan = W-2 box 1

21. Fellowship payments - IRS Publications

22. Is the total amount I contributed to my college in exchange for football stadium tickets deductible ?

23. Lifetime Learning credit partially limited in 2013 - carried forward to next year ?

24. MBA courses - deductible?

25. Student Loan interest - 2013

26. Student Loan interest - tax deductible?

27. Teacher - deductible expenses

28. What is an Educational IRA ?

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