Question

Is it possible that I qualify for any tax credits like FAFSA tax credits If I paid my way through cosmetology school?

Answer

If your vocational school or institution school participated in the federal financial aid program, you can probably qualify for tax credits.

However, you won’t qualify for tax credits if you were reimbursed for expenses through:

  • Scholarships
  • Grants
  • Other reimbursement programs

To learn more, see the Free Application for Federal Student Aid (FAFSA) website at www.fafsa.ed.gov.

You might qualify to claim a business deduction if any of these describes the education expense:

  • Your employer requires it to keep your current job or salary.
  • It’s for maintaining or improving skills needed for your present work.
  • The law requires it.

You’ll itemize to claim the business deduction on Schedule A. If you’re self-employed, claim it on Schedule C.

Related Topics

Related Resources

Where’s my refund – North Dakota?

Looking for more information about your North Dakota refund? Find out details on how to check your refund status, who to contact, and more from H&R Block.

Pennsylvania (PA) Tax Forms

Find out which PA tax forms you should be aware of when filing your taxes this year in Pennsylvania, with help of the pros at H&R Block.

Qualifying For The Nonbusiness Energy Property Credit

Can you claim your new A/C or heating unity as a nonbusiness energy property credit? Learn more from the tax experts at H&R Block.

First Time Filer: What Is A Personal Exemption And When To Claim One?

A personal exemption reduces your taxable income. You may be able to claim one for yourself, your spouse and dependents. Learn the rules with H&R Block.