Bachelor's Degree. Earning a bachelor's degree in early childhood education can qualify you to teach preschool through third grade. Through bachelor's degree programs, you take early childhood development courses, such as child behavior and cognitive development, and gain experience with student teaching.
Expenses for tuition, registration fees, and other required fees are qualifying expenses for the Tuition and Fees Tax Deduction. Do not include the cost of books, supplies, software, room and board, or other miscellaneous expenses for schooling. Qualifying expenses are reported to you and to the IRS using Form 1098-T. Limits The maximum amount of tuition and fees deduction you can claim is $4,000 per year. If your income is over $65,000 but under $80,000 (unmarried), then the maximum amount you can deduct is $2,000.
You cannot claim the same expense as both a tax credit and a tax deduction. The IRS also cautions that you cannot claim deductions or tax credits for room, board, medical expenses, student health fees, transportation or insurance, even if the fees are mandatory for students.pdated for Tax Year 2014. OVERVIEW. The fees for taking SAT, ACT and other college entrance exams are not tax-deductible, but the federal government does allow a number of educational deductions and tax credits Find out more about these educational deductions and credits and how they can benefit you.