Luna 0 #1 January 26, 2005 I took some classes in 2004 (not college classes) that have given me some certifications which I plan on using to earn money with. However, I was not able to earn any money using them in 2004. Can I still write off the cost of the classes in 2004? If not, would I be able to write it off in 2005 if I earn money using the certifications in 2005, even though I took the classes in 2004? (No, I don't have a business license, but I really did plan on using it, and it just didn't pan out. Now I've just run a quick and dirty estimate of our taxes for this year, and it looks like we'll be owing WAY more than I want to pay, so I'm grasping for straws at this point to see if I can find something I can deduct that will help. Thanks! I'm walking a marathon to raise money for the Leukemia & Lymphoma Society. Click Here for more information! Quote Share this post Link to post Share on other sites
nanook 1 #2 January 27, 2005 You could claim the lifetime learning credit up to $2000, providing you are not: Married filed separately, or can be claimed by someone else. If your Modified adjusted gross income is more than 52,000 (105,000 filed jointly) you also cannot claim it. (edited to add): Did your class happen at any type of educational institution(college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education.)?_____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
