0
It wouldn't be a very practical thing. Taxes aren't really many students problem. If one is a full time student they presumably don't have full time income, and hence, with limited earnings, won't have any (or much) tax to pay. However, tuition/educational costs for someone that is exclusively a full time student ARE NOT deductible from earnings they may have. (Costs to get an education to qualify for a field aren't deducible.) However, if you are in a field already (employed in a field, not a student in), and need to educate yourself to remain in the field, that is a deductible business cost. There are several credits, which may result in a much lower tax, like the Lifetime Learning and Hope credits available to those funding an education. Many aspects of funding an eductaion, saving for it, etc. do have very favorable tax programs. And certainly many social programs, some using public funds/facilities are established to benefit students too.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
What is a sentence for Tax break?
Charities receive a tax break.Most people believe churches should not be allowed to have a tax break.
Which tax is not considered as a direct tax?
For all my fellow students, the correct answer is SALES tax. :)
What is form 8917 used for?
Form 8917 is used for Tuition and Fees Deduction for many college students. You can read more at www.docstoc.com › Tax › Tax Forms Tax Form 8917 is for college students for tuition and fee's deduction. The form can be printed directly from the IRS website or mailed to you.
Do i have to file 1098-T on my income tax 2014?
Form 1098-T is the form where tuition is reported to students who may have paid tuition. You do use this to complete your tax return.
What is the difference between an IRA and roth IRA?
Traditional IRA contributions are tax deductible on both state and federal tax returns for the year you make the contribution, while withdrawals in retirement are taxed at ordinary income tax rates. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free.
What is the duration of Fulltime Killer?
The duration of Fulltime Killer is 1.7 hours.
When was Fulltime Killer created?
Fulltime Killer was created on 2001-08-03.
What is a sentence for Tax break?
Charities receive a tax break.Most people believe churches should not be allowed to have a tax break.
Which tax is not considered as a direct tax?
For all my fellow students, the correct answer is SALES tax. :)
Does an increase in the income tax rate increase the break even point?
No, an increase in the tax rate only affects a positive income; at break even there is no amount to tax
Is there a tax break on the Honda insight?
No
What a taxpayer hopes for?
A tax break
If we are building our home out of our savings no financing do we quality for the $8,000 tax break?
No the tax break is when you buy and you pay it back later anyway.
do students get tax breaks and are they big tax breaks?
Students are eligible for education tax credits which can help cover some of the costs associated with being a student. There are two types of education tax credits: Hope Credit Extended and Lifetime Learning Credits.
Do students in Edinburgh pay water rates?
No Water rates in Scotland are included with any Council Tax bill and not billed seperately, but students do not pay Council Tax.
Has raven joined tna wrestling fulltime?
No.
Forced to be a fulltime sissy slave?
It is important to remember that no one should ever be forced to do something they are uncomfortable with or do not consent to. If you are feeling coerced or in danger, please seek help from a trusted individual or organization. Your well-being and safety are the top priority.
