Posts Tagged ‘Taxes’
Best answer from question by msphenom83:
Answer by bostonianinmo
It’s an above the line adjustment, not an itemized deduction. The limit is $ 2,500, however, so if you paid more than that you get no benefit from the excess.
Best answer from question by alishea_wunderlin:
Answer by Ms. Angel..
Call 1-800-304-3107 to find out if your Federal Income Tax refund will be offset.
You should really try to work out a payment plan with the Dept of Ed. If you don’t they will always take your federal and possibly State refund, and can and will levy your wage and bank account. Never a good idea to ignore a bill.
good luck! Hope you make the right choices.
Best answer from question by DrS:
Answer by fangtaiyang
If it is a legitimate worj expense, in other words it was necessary to do your job and was not reimbursed, it should be deductible. You may have to prove that it was a necessary expense however.