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| jhardt 2001-02-26, 8:33 am |
| Hey all - quick question...are all the exams/books that we buy tax deductable? I estimate I spent around $1000 on stuff like that in calendar year 2000. Thanks for your replies | |
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| Good question, I was just having a conversation with some one about this yesterday, anyone have a clue? | |
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| I think it depends on several factors. But if you're in the US and you itemize, you may be able to deduct expenses if they are work related and your employer doesn't pay you back for the expenses, or if the costs are for training to keep your job or advance and your employer isn't paying for it. But you'd best to check with IRS or a good accountant.
FYI, I gave my accountant receipts for $1100 for last year (slow year) and as soon as I get my paperwork back. I'll know for sure if the above is totally accurate.
Tom | |
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| i itemized all of my exams and books this year.
I had about 2500 worth of exams and books and wrote it all off this year and already received my return for it. | |
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| I beleive that it is. You can call the IRS directly at 800-829-1040. They are very helpful. | |
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| My business is a "s" corporation, it allows me to deduct exams, books, etc.
ea | |
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| You can at a minimum deduct $500 for self study materials, that's with no receipts. I am not sure if you can deduct more then that even if you have the receipts. I claim the $500 minmum every year.
yippie. and this year I bought a house...yippie I'm rich....
BF | |
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| Well then great, I have kept all my reciepts and will be dumping them on my accountants desk with every thing else!! Thanks for the info......Beenframed didn't you just have a baby as well???? You'll be even richer next year!! | |
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| OK, I want all your names and social security numbers......I work for the IRS!!!!
Just kidding........ I itemized 1200.00 worth of tests and books this past year also.. | |
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| What about hardware? You know, routers and switches. |
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