1. Those include the deductibility of charitable contributions, education expenses, interest and medical expenses. 2. And the postsecondary education expenses of their children will be covered for four years. 3. And it will give parents more money to pay for education expenses. 4. Another measure, for tax-free savings accounts that could be used for education expenses including tuition, was blocked by Democrats in the Senate. 5. Cellucci explained his debt by saying he had given up his law practice while he still had education expenses, home improvement costs, and other expenses. 6. Education expenses could be partially deducted. 7. Financial need is determined by standardized formulas to figure out what portion of your discretionary income should go toward education expenses. 8. For the first time, money can be withdrawn without penalty from Individual Retirement Accounts for undergraduate, post-graduate and post-secondary vocational education expenses. 9. However, just like with education expenses, your job search has to be in the same field in order for you to qualify. 10. If you went back to school last year to spruce up your resume, you may be able to deduct your education expenses. |