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2012 Democratic National Convention: Day One, Thread Three, Michelle Obama Edition

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Big Steve9/05/2012 10:36:59 am PDT

re: #793 Coracle

I’m sorry, but college costs are somehow an aggravation of tax burden?

You may be missing the point. Yes college is a choice as is which college one attends and its costs. However IRS rules allow one to deduct tuition and fees for dependents. In fact the colleges send you an 1098t form for this information. But if you have an adjusted income over a certain amount ($80,000 if you are a single filer) you cannot deduct these costs.