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MOORE’S SERVICES is a full service Tax Preparation Company that provides year-round services. We specialize in both individual and business taxes. We also offer Notary Public Services. Come in and see us today.

Saturday, January 19, 2013

May I claim both my job-related education expenses (minus 2% of AGI) and one of the education credits on my tax return? # 1 RELIABLE TAX SERVICE

You cannot use the same educational expenses to claim both benefits (no “double benefit”).
  • You may choose to allocate some of your expenses to the deduction and others to the credit.
  • This can be desirable because a qualifying expense for one benefit may not be a qualifying expense for the other tax benefit. For example, the cost of course-related books ordinarily qualifies for the deduction, but not for the Lifetime Learning Credit, unless paid to the institution as a condition of enrollment or attendance. For the 2009, 2010, 2011, or 2012 tax year, course-related books may qualify for the American Opportunity Tax Credit.




MOORE'S SERVICE, LLC
2160 Green Springs Hwy, S. Suite E. 
Brimingham, AL 35205
Phone: (205) 324-8753
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