johnson4 0 Posted July 20, 2011 Report Share Posted July 20, 2011 To be clear, the tuition can't be used as a tax deduction but as a tax credit. Big difference. Can you explain? Quote Link to post Share on other sites
xrkyle 21 Posted July 26, 2011 Report Share Posted July 26, 2011 Can you explain? A credit is applied at a set percentage, usually the lowest tax bracket as in the case for tuition. A deduction is applied at the marginal tax rate. I should also clarify that it is possible to use tuition towards a tax deduction in some special cases. A good example would be a contract VFR pilot paying for an IFR or ATPL ticket to be eligible for contract positions requiring those qualifications. This would be a business expense to support their business activity and therefore would be eligible as a deduction. Quote Link to post Share on other sites
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