Publication 970

Publication 970

A form published by the IRS explaining tax deductions, tax credits and other preferential tax treatment available for persons who pursue higher education.
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Expenses incurred to meet the minimum requirements of the educator's present job or to qualify for a new profession may not be deductible (see IRS Publication 970, Tax Benefits for Education).
To determine which credit or deduction is most beneficial to you, refer to IRS Publication 970 for a complete list.
Please consult IRS Publication 970, Tax Benefits for Education, or your personal tax adviser to learn which education-related tax benefits you are eligible to receive for 2012.
The IRS's guidelines for the deductibility of work-related education are outlined in IRS Publication 970 (pp.
The dispute rested on several passages in IRS Publication 970, which states that educational expenses are tax deductible if they are to maintain or improve skills in your work.
gov or pick up IRS publication 970, which describes this and other tax benefits for education.
These are described in detail in IRS Publication 970.
530, Education Individual Retirement Accounts; Publication 970, Tax Benefits for Higher Education, Chapter 4--Education Individual Retirement Arrangements (Education IRAs).
The requirement that the student must be free of federal or state felony convictions for the possession or distribution of a controlled substance also still applies (IRS Publication 970, "Tax Benefits for Education").
Ochsenschlager: I think it's particularly interesting that the IRS has published [in Publication 970, Tax Benefits for Education] that if you have a 529 plan and the assets' fair market value is less than when you put them into the plan, then if you completely liquidate the plan, you can take that loss as an ordinary loss, not a capital loss.
For complete details on the benefits of the Coverdell and other questions related to education benefits, see IRS Publication 970 Tax Benefits For Education (www.