I have a question about job-related expenses for continuing education. If I have to take continuing education classes for professional development in order to keep my teaching certificate, am I able to claim the Lifetime Learning Credit?
If the courses you took were through an eligible institution, you can qualify for the Lifetime Learning Credit. An eligible institution is one that participates in the Department of Education’s financial aid program.
You might qualify to deduct job-related expenses on Schedule A. To claim this deduction for classes that maintain your certification, the certificate must be required to maintain one of these:
- Your current position
- Your salary
- Your employee status
You must choose either to claim the Lifetime Learning Credit or claim the deduction. You can’t take the Lifetime Learning Credit and a business deduction for the same expenses.
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If you made a contribution to a candidate or to a political party, campaign, or cause, you may be wondering if your political contributions are tax deductible. The answer is no – donations to political candidates are not tax deductible on your personal or business tax return. The same goes for campaign contributions.
For individual taxpayers, Schedule A is used in conjunction with Form 1040 to report itemized deductions. If you choose to claim itemized deductions instead of the standard deduction, you would use Schedule A to list your deductions. Your itemized total is then subtracted from your taxable income.
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