quick question for tax experts

[Rachel...lol]

Do you guys think that money paid to go to cosmetology school is considered a qualified education expense? I'm doing my stepsister's taxes....

Eligible educational institution. An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education. It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. The educational institution should be able to tell you if it is an eligible educational institution.

based on that explanation I would say yes? vocational school? I think so. thanks

 

[kx250rider]

Please DO NOT use the "T" word on a peaceful Sunday morning, only 18 days from the wretched April 15th...

Seriously, I can't see any reason why you can't write that off. Clearly, cosmetology is a vocation. I'm not a CPA, so please don't just take mine (or anyone's) word alone here. If it were a kickboxing class, then probably not. There are a lot of other complicated "gotcha's", so this is definitely a question for a professional, if it were my (T-word)s being prepared.

Charles

 

[-SD-]

Yes thats ok as its a vocational school

 

[digimon7068]

Do you guys think that money paid to go to cosmetology school is considered a qualified education expense? I'm doing my stepsister's taxes....

Eligible educational institution. An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education. It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. The educational institution should be able to tell you if it is an eligible educational institution.

based on that explanation I would say yes? vocational school? I think so. thanks

if this ^^^ then yes. . .

oh and, i'm a cpa/cva with a masters degree in taxation

 

[ledhead]

I would say yes. It's 2,000 dollars back for everyone that qualifies. I know I'm working on my masters

You autmatically get 2,000 back just for your loans.

 

[puddlemonkey]

oh and, i'm a cpa/cva with a masters degree in taxation

what, no mention of the abs?

 

[jackangel]

"the educational institution should be able to tell you if it is an eligible educational institution."

 

[digimon7068]

what, no mention of the abs?

no need. . .you did it for me. . .munky

 

[lander2312]

The question you have to asswer is that...yes it is a post secondary vocational school. BUt the important part is....is it eligible for loans? if it is then it qulifies if not then no....hope it helps.

 

[redshirt27se]

dunno what laws are in america

but in australia you can claim that as expense

im currently coming close to finsihing my accounting and economics degree , just accepted into aus CPA house aswell,

though have to say, CPA doesnt mean much, honestly, id say its just something that looks good on a resume and gives accountants a reason to charge people more lol

not saying its bad thing, after all i wouldnt be trying to become a CPA if it was useless

Paul Hogan called. He said fuck you.