I don't qualify for education breaks, but under Employment, there is a tuition section. Can I use this if I am in school advancing from bachelors to masters?

derek-biggs — Tue, 04 Jun 2019 19:21:26 GMT

If you are an employee, you claim your education costs if...

MinhT — Tue, 04 Jun 2019 19:21:27 GMT

If you are an employee, you claim your education costs if the education is required by your employer or enhances your skills in your current job. If your education does not satisfy either of these conditions, it is not deductible.

Education expenses are claimed as job-related expenses on Schedule A - Itemized deductions.

Job-related expenses are subject to the 2% rule and you can only claim the excess over 2% of your adjusted gross income.

Please note that Itemized Deductions will only "help" when they exceed your standard deduction.

For 2017, standard deductions are:

For a taxpayer under 65, not claimed as a dependent:

$6,350 for Single
$12,700 for Married Filing Jointly, or Qualifying Widow(er) with dependent child
$9,350 for Head of Household
$6,350 for Married Filing Separately
If you are over 65 or blind, add $1,250 for each instance or add $1,550 each instance if single and not a surviving spouse

You can deduct your job-related expenses by following these steps:

In TurboTax, open your tax return
Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
Scroll down to All Tax breaks, locate the section Employment Expenses and click on Show more
Click Start next to Job expenses for W-2 Income.

So, if I am advancing my RN degree from Bachelors to Mast...

derek-biggs — Tue, 04 Jun 2019 19:21:29 GMT

So, if I am advancing my RN degree from Bachelors to Masters, it should satisfy that requirement, correct?

Yes, if you now work as nurse as it would improve your sk...

MinhT — Tue, 04 Jun 2019 19:21:30 GMT

Yes, if you now work as nurse as it would improve your skills.

topic I don't qualify for education breaks, but under Employment, there is a tuition section. Can I use this if I am in school advancing from bachelors to masters? in Education

I don't qualify for education breaks, but under Employment, there is a tuition section. Can I use this if I am in school advancing from bachelors to masters?

If you are an employee, you claim your education costs if...

So, if I am advancing my RN degree from Bachelors to Mast...

Yes, if you now work as nurse as it would improve your sk...