Education expense

[Ron]

I am perusing higher studies that will enhance my career in
my current job. Can I claim both Education expense (Hope
credit) as well as Job-related expense as deductions? I do
qualify for both individually, but please advice if I can
claim them together.

Thanks.

 

[Bill]

(e-mail address removed) (Ron) posted:

I am perusing higher studies that will enhance
my career in my current job. Can I claim both
Education expense (Hope credit) as well as
Job-related expense as deductions? I do
qualify for both individually, but please advice
if I can claim them together.

You cannot use the same expense as a deduction or credit
under two different categories. Plain and simple, this
would be a violation of tax law.

Remember, the Hope credit is only available during the first
two years (freshman and sophomore years) of study toward a
post-secondary degree. After that, you must use the Lifetime
Learning Credit.

Bill