Is it possible that I qualify for any tax credits like FAFSA tax credits If I paid my way through cosmetology school?
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:
- 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.
Are political contributions tax deductible? Before signing a check, learn the difference between charitable giving and political donations at H&R Block.
Do you know what your tax filing status is? Learn how to determine and check your tax filing status with H&R Block.
Learn more about earned income credit eligibility and get tax answers at H&R Block.
What is a closing disclosure? When you buy a house, you will receive a closing disclosure that can benefit you at tax time. Learn more at H&R Block.