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lhill7245
New Member

Can you write off purchasing life coach program?

 
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3 Replies

Can you write off purchasing life coach program?

No that is a personal expense. 

DianeW777
Expert Alumni

Can you write off purchasing life coach program?

Yes, if it meets the qualifying education requirements for the Lifetime Learning Credit (LLC) or if it is for use in your business or rental activity.

The maximum LLC you can claim in a year is 20% of the first $10,000 of qualified education expenses you paid for all eligible students (or up to $2,000).

  • Taxpayers who meet the following requirements are eligible to claim the Lifetime Learning Tax Credit: The taxpayer's annual modified adjusted income in 2021 is $69,000 or less ($138,000 if married filing jointly). The credit phases out for taxpayers with income between $59,000 and $69,000 ($118,000 and $138,000).

To enter this information in your tax return use the following steps:

  1. Search (upper right) education > Jump to ... Link > begin to follow the screen prompts
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**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can you write off purchasing life coach program?

Among other restrictions for Lifetime Learning Credit:


To be eligible to claim the lifetime learning credit, the law requires a taxpayer (or a dependent) to have received Form 1098-T, Tuition State- ment, from an eligible educational institution, whether do- mestic or foreign.

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