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My education tax options

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kusaisaru
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My education tax options  Reply with quote  

Hi,
I just received a w2 for my taxable tuition reimbursement for grad school paid by my employer. No tax has been withheld from this w2 form. Can I claim a education tax credit on the tuition paid to my school even though I didn't write the actual check to the school (my employer did)? It is considered income, so, to me at least, it seems to be the equivalent situation of me being given the amount of tuition as a bonus (for example) in my regular wages then going to the school myself and writing a personal check for tuition costs. In this situation, as I have in the past during undergrad, I could claim a lifetime learning credit. Now I'm not sure.
In addition, can I claim the amount paid to the school as a regular deduction as a business expense? I'm so confused.
Finally, is the drive to school considered a business expense being that it is a requirement by my employer? Or is this simply a commute? Hope this all makes sense. If not, I will further clarify.
Any help is appreciated.
Post Mon Feb 05, 2007 5:46 am
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efflandt
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You might look over IRS Pub 970 sections 11 and 12.
Post Mon Feb 05, 2007 10:30 pm
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coaster
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The situation sounds similar to what was discussed in this thread: http://www.money-talk.org/thread7280.html

~Tim~
Post Tue Feb 06, 2007 12:16 am
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