I am going to graduate school and I have spent extraordinary amount of money on books and other supplies. I am wondering whether or not I am able to deduct all or some of these expenses?

Clearly, I am making a very modest income at this time, less than $50,000. So, hopefully I would not be subject to any income limitations.

I would really appreciate a response.

Thank you.

The IRS has stated that any "Student-activity fees and expenses for course-related books, supplies, and equipment are includeable as qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance."

More information along with some examples are provided on the IRS Publication 970. Please click on the Link below for more information on this topic.

Publication 970 (2009), Tax Benefits for Education

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