Can fees be tax deductions?

Parents Forum
1

<p>Are all the college application fees, SAT testing fees, CSS profile fee, SAT prep course fees, etc. tax deductable?</p>

2

<p>lol :D
no.

[quote]
Tuition and Fees Deduction
If your MAGI is less than $65,000 ($130,000 if Married Filing Jointly), you can deduct up to $4,000 of eligible tuition and fees. If your MAGI is between $65,000 and $130,000 ($130,000 and $160,000 if Married Filing Jointly), you can deduct up to $2,000 of eligible tuition and fees. If your MAGI is more than $80,000 ($160,000 or more if Married Filing Jointly) you can't claim the tuition and fees deduction. </p>

<p>You can't claim the deduction if you're Married Filing Separately, if another person can claim you as a dependent, or if you were a nonresident alien for any part of the year (unless you elect to be treated as a resident alien). </p>

<p>You can claim the tuition and fees deduction or an education credit, but not both. Choose the benefit that results in the larger tax savings. You can't use expenses used to figure this deduction when figuring the exclusion for savings bonds interest (discussed above) or the exclusion for distribution from a Coverdell ESA or QTP. You also must reduce the expenses used to figure this deduction by the amount of tax-free scholarships and nontaxable employer-provided educational assistance you received.

[/quote]
</p>

3

<p>Just to pick a nit, I am pretty sure that the fees that the OP is talking about are not allowable in the tuition and fees deduction. That is for money you pay the college. Not the money it took you to get accepted to college.</p>

<p>Publication</a> 970 (2007), Tax Benefits for Education</p>

<p>look here for complete explanation of this deduction</p>

<p>now we have links to the html or the pdf version. my we are thorough group :-)</p>

4

<p>The IRS publication for education tax benefits is IRS970</p>

<p><a href="http://www.irs.gov/pub/irs-pdf/p970.pdf%5B/url%5D"&gt;http://www.irs.gov/pub/irs-pdf/p970.pdf&lt;/a&gt;&lt;/p>

<p>There are various tax benefits for qualified education expenses. The definition of a qualified education expense varies according to each benefit. For instance room and board is a qualified expense for 529 account withdrawals but not for Hope tax credit, lifetime learning etc. </p>

<p>College applications, and SAT testing and prep etc are not qualified education expenses for any of the education tax benefits.</p>