educational expenses

Can Professors Deduct Travel Expenses?

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Can Professors Deduct Travel Expenses? The IRS says that research expenses, including travel costs, are a valid 2 percent deduction for professors. The research has to be related to teaching, lecturing or writing on subjects related to the professor’s duties and her professional field. Can a teacher deduct mileage? The cost of attending professional development

Can School Provided Health Insurance Be Counted As An Expense?

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Can School Provided Health Insurance Be Counted As An Expense? Health insurance is not recognized as an education expense by the IRS. But a computer is if it was needed for the class. Also, you always report expenses in the tax year that you paid them. You can deduct the premiums as medical expenses. Can

Do Backpacks Count As Qualified Educational Expenses For Tax Purposes?

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Do Backpacks Count As Qualified Educational Expenses For Tax Purposes? Books, supplies, and required equipment are also considered qualified education expenses. This could include but are not limited to: computers, calculators, iclickers, paper/ink, lab coats/equipment, backpack, lab fees, software, and flash drives. Which of the following expenses qualifies for an education credit in 2020? In

Can You Use Coverdell Funds For Educational Camps?

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Can You Use Coverdell Funds For Educational Camps? Coverdell ESA withdrawals can be used to pay for qualified education expenses at elementary and secondary schools (K-12), including public, private, or religious schools, as well as any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid … What can