Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
The tuition and fees deduction provision is no longer available for taxpayers in 2021.
For tax years starting after 2020, the Taxpayer Certainty and Disaster Tax Relief Act repealed the tuition and fee deduction. Through the tuition and fees deduction, qualified individuals can deduct up to $4,000 from their taxable income to help pay for their own higher education as well as that of their spouses and dependent children.
Taxpayers who spent money on tuition and other post-secondary school-related expenses were eligible for this deduction. As long as the student was dependent on the parents, tuition could be deducted. 6 Students could use this deduction to offset their own educational costs.
To learn more about Taxpayers refer to:
https://brainly.com/question/14190241
#SPJ4
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
