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Author Topic: Tuition and fee deductions for 2008 tax form 1040  (Read 6851 times)

Offline SumanaP

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Tuition and fee deductions for 2008 tax form 1040
« on: April 04, 2009, 06:38:30 PM »
Hi everyone,
                 I am a graduate of the Fall2008 Natural chef program @ santa cruz. As its time for filing my tax returns for 2008,I have a question.

IS it possible to take  Bauman college tuition and fee expenses as a deduction on my 1040 form ??
               Normally some colleges send you a 1098 form for educational expenses and I am not sure if bauman does the same. I am sure some of you must have pondered over this question and have some answers. Please help !!

thanks,
Sumana

Offline Marlina E

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Re: Tuition and fee deductions for 2008 tax form 1040
« Reply #1 on: April 06, 2009, 03:01:52 PM »
Since we are not a title 4 school, you can not deduct your educational expenses. 

However, if you have your own business, you may be able to write the education off.  But you would need to talk to a tax adviser.
BA Environmental Studies UCSB
Nutrition Consultant

Offline SumanaP

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Re: Tuition and fee deductions for 2008 tax form 1040
« Reply #2 on: April 06, 2009, 05:05:00 PM »
Thanks Marlina for responding. It answers my question.

Offline AndieJ

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Re: Tuition and fee deductions for 2008 tax form 1040
« Reply #3 on: April 08, 2009, 10:27:58 AM »
Does this also mean that Bauman College tuition would not be applicable for the 2009-2010 stimulus package Hope Scholarship Tax Credit, which credit $2,500 per year of college?  I read about this here:
http://www.naturalhealers.com/qa/em-stimulus/?src=cm_anh_nl_20090406_mt

Are there any plans for Bauman to become a title 4 school? 

Thanks,
Andie

Offline Marlina E

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Re: Tuition and fee deductions for 2008 tax form 1040
« Reply #4 on: April 08, 2009, 12:41:31 PM »
Hello,

It is likely that BC tuition will not be eligible for the increased tax credit.

Bauman College is not a title 4 school, as we do not have a federal school code.
BA Environmental Studies UCSB
Nutrition Consultant