topic Claiming laptop as a School expense in Deductions & credits

Claiming laptop as a School expense

CarmelSundae — Thu, 30 Jan 2020 00:38:29 GMT

So I’m going to American military university which is an online school only . I brought a MacBook for my school. Can I claim it as an expanse with the AOTC even if I used my military tuition to pay for everything besides supplies ?

Re: Claiming laptop as a School expense

DawnC — Thu, 30 Jan 2020 01:02:38 GMT

Possibly.

The government uses tax policy to encourage activities such as paying for education and saving for retirement. While the names and amounts vary, the IRS generally provides for some type of educational tax credit to help offset the costs of qualifying tuition and related expenses.

A computer for school purposes may or may not qualify for these credits.
Generally, if your computer is a necessary requirement for enrollment or attendance at an educational institution, the IRS deems it a qualifying expense.
If you are using the computer simply out of convenience, it most likely does not qualify for a tax credit.

Can I Deduct My Computer for School on Taxes?

Re: Claiming laptop as a School expense

CarmelSundae — Thu, 30 Jan 2020 07:20:26 GMT

So the computer was $2039 , would that look like I was committing fraud if I put the full price down ?

Re: Claiming laptop as a School expense

JohnB5677 — Thu, 30 Jan 2020 23:19:52 GMT

Do you use the computer exclusively for school? Make an honest evaluation and determine what percentage is used personally, for business and for school. Then take the school percentage and use that.