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Education
I posted the wrong link in my comment above. The correct link to the IRS website and note the date for expiration of the Tuition and Fees deduction - <a rel="nofollow" target="_blank" href="https://www.irs.gov/credits-deductions/individuals/education-credits-questions-and-answers">https://...>
"Q16. I am a student at an eligible educational institution. Can I claim the tuition and fees tax deduction and the AOTC?
A16. No. You can't claim the tuition and fees tax deduction in the same tax year you claim either the AOTC or the LLC. You must choose between taking an education tax credit or taking the deduction for tuition and fees. Also, you can’t claim the tuition and fees tax deduction if anyone else claims an education credit for you in the same tax year. Although the credit usually results in a greater tax savings, calculate both the tax credit and the deduction on the tax return to see which is better. Most tax software automatically compares the tax result for you. See Education Benefits, No Double Benefits allowed for more information. Note that the Tuition and Fees deduction expires December 31, 2017."
"Q16. I am a student at an eligible educational institution. Can I claim the tuition and fees tax deduction and the AOTC?
A16. No. You can't claim the tuition and fees tax deduction in the same tax year you claim either the AOTC or the LLC. You must choose between taking an education tax credit or taking the deduction for tuition and fees. Also, you can’t claim the tuition and fees tax deduction if anyone else claims an education credit for you in the same tax year. Although the credit usually results in a greater tax savings, calculate both the tax credit and the deduction on the tax return to see which is better. Most tax software automatically compares the tax result for you. See Education Benefits, No Double Benefits allowed for more information. Note that the Tuition and Fees deduction expires December 31, 2017."
June 3, 2019
4:40 PM