My son is taking a photography class where the syllabus says a camera is needed. He is using a old camera that isn't good quality, so would like to replace it. Is it too late to buy one if the semester is half over and have it qualify as a education expense? This will be for next year's taxes.
No, it would be an education expense for 2021 if purchased in 2021.
A camera is a logical education expense for a photography student.
I know that it will be for 2021 - That's why I said it would be for next year's taxes. The main question is - is it too late since the semester is already half over. Do you have to purchase something at the beginning of the semester in order for it to count?