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NC says goodbye to ALL education deductions

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    NC says goodbye to ALL education deductions

    In case you were not aware of these changes:

    For tax year 2013, North Carolina will not conform to the federal provision allowing the tuition and fees deduction. S.L. 2013-10 requires an addition to adjusted gross income for the amount of the taxpayer’s deduction for qualified tuition and related expenses under section 222 of the Code. Likewise, there will no longer be a deduction available on the 2013 North Carolina income tax return for taxpayers who claim the American Opportunity, Hope, or Lifetime Learning credit on the federal return in lieu of the tuition and fees deduction as a result of the law change to G.S. 105-134.6(d)(2) included in S.L. 2013-10.

    NCDOR LINK

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