I worked until Sept (made 95k) and then moved to a new town and enrolled as a full-time student. It's Dec 31st tomorrow and the last day to take any take write-offs. Should I buy a computer to reduce my taxable W2 2016 income? Is that even possible? I don't have a schedule C this year.
My other option is to wait until 2017 when I'll be earning much less and would qualify for the Education Credit.
If I can deduct the computer of my taxable 2016 income, I'd prefer that. I'll find more things to deduct off the 2-4k Education Credit for 2017.
Thank you
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Yes, I understand about not taking it as an employee business expense - but can I still deduct it from my W2 because I went to school and it was required?
No.
Yes, I understand about not taking it as an employee business expense - but can I still deduct it from my W2 because I went to school and it was required?
No.
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