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Education & Work-Related Expenses
Question: May I claim both my job-related education expenses (minus 2% of AGI) and an education credit on my tax return?
- You can choose to allocate some expenses to the deduction and others to the credit.
- This can be desirable because a qualifying expense for one benefit may not be a qualifying expense for the other. For example, the cost of course-related books qualifies for the deduction and for the American opportunity tax credit, but will not qualify for the lifetime learning credit, unless paid to the institution as a condition of enrollment or attendance.
- Publication 970, Tax Benefits for Education
- Tax Topic 513 - Work-Related Education Expenses
- Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits)
Category: Itemized Deductions, Standard Deduction
Subcategory: Education & Work-Related Expenses