Education Tax Benefits

Question 1

EDUCATOR EXPENSE IN CA

Answer 1

Not a deduction, must adjust, but can be added to unreimbursed business expense as an itemized deduction to the 2% floor, therfore deduction is still allowed. *Under job expenses Schedule 540, Part II No 19.

Question 2

Work Related Eductaion Expense in CA

Answer 2

can deduct as an itemized deduction. Must prepare form 2106 to compute deduction.

Question 3

Categories of Employees Allowed to use Work Related Education Expense

Answer 3

Qualified Performing Arts
Armed Forces reservists
Fee-based State/local government officials
Employees with impairment related wok expenses.

These are not subject to the 2% floor.

Question 4

Self employed Work related Expense

Answer 4

Still deductible on Schedule C and not subject to the 2% floor.

Question 5

Deductible Expenses for Work related Education

Answer 5

Tuition, lab fees, books, supplies, similar items
ceterina transporation costs,
other education expenses, such as cost of research an typing when writing a paper as part of the education program

Question 6

Personal expense

Answer 6

on that is based on the value of the taxpayer’s time, such as vacation time or paid leave spent attending classes.