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    Tax Deductible?

    I am applying to professional school and racking up quite a lot of expenses, anyone know is any of these are tax deductible? And if so, as what?

    - Application fees to required application service and/or supplementary fees to dental schools.

    - Material costs involved in preparing for interviews like a suit and dry cleaning

    - Travel expenses for interviews (flight, rental car, hotel, etc ...)

    Thanks,

    Flaviss

    #2
    First question

    Got Income?

    Comment


      #3
      Dental school

      People enter dental school to become dentists, a rather lucrative profession, all things
      considered, and therefore it's a new profession. As such, expenses are not deductible
      to enter a new trade or profession.
      ChEAr$,
      Harlan Lunsford, EA n LA

      Comment


        #4
        The tuition may be eligible for a tax credit or a deduction from income. None of the other expenses are deductible unless they are includedd as part of the tuition.

        Comment


          #5
          Originally posted by veritas View Post
          Got Income?
          Not at the moment, aside from school loans. I was employed Jan - June this tax year though.

          Comment


            #6
            Deduction for dental school?
            Not sure, let me chew on that for a while...
            "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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              #7
              Professional

              See a tax professional. This board facilitates conversations between tax professionals re the situations we encounter. You need to sit down with a tax professional to help you with record-keeping tailored to your particular set of circumstances and the states in which you will reside, work, and maybe even attend school.

              Comment


                #8
                Originally posted by JohnH View Post
                Deduction for dental school?
                Not sure, let me chew on that for a while...
                I would do the same but I have a bad tooth I can't get an appointment for.

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                  #9
                  could be,

                  Originally posted by ED SMITH View Post
                  The tuition may be eligible for a tax credit or a deduction from income. None of the other expenses are deductible unless they are includedd as part of the tuition.
                  given sufficient income to engender a tax liability.
                  ChEAr$,
                  Harlan Lunsford, EA n LA

                  Comment


                    #10
                    flaviss

                    I see a real dentist in the makng.

                    Not in business yet and already worried about the tax bite.

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