In certain instances, yes, although deductions need to adhere to a few guidelines. The deduction is also subject to income phaseouts. The deduction ceiling is $2,500. […]
There is a limited deduction allowed for higher education and related expenses. In addition, business expense deductions are allowed, without a dollar limit, for education related […]
Yes, you can take distributions from your IRAs for qualifying education expenses without having to pay the 10% additional tax penalty. You may owe income tax […]
