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ARCHIVES

TAX TIP OF THE WEEK
Don't Overlook These Miscellaneous Tax Deductions
Information provided by cmjllp.com
03-23-2006

TAX TIP OF THE WEEK
What’s new for 2006
Information provided by cmjllp.com
01-6--2006

TAX TIP OF THE WEEK
Standard or itemized: Know the difference
Information provided by cmjllp.com
01-21-2006

TAX TIP OF THE WEEK
Changes are Coming for Hybrid Tax Breaks
Information provided by cmjllp.com
12-5--2005

TAX TIP OF THE WEEK
Business Gifts: Know the tax rules
Information provided by cmjllp.com
12-24-2005

TAX TIP OF THE WEEK
Take the Mystery Out of Mileage Reimbursement
Information provided by cmjllp.com
11-24-2005

TAX TIP OF THE WEEK
It’s Time to Review Your Investments
Information provided by cmjllp.com
11-17-2005

TAX TIP OF THE WEEK
It's time to review your 2005 tax situation
Information provided by cmjllp.com
10-6--2005

TAX TIP OF THE WEEK
Avoid the Rollover Trap
Information provided by cmjllp.com
10-28-2005

TAX TIP OF THE WEEK
Hurricane Katrina tax relief is signed by President Bush
Information provided by cmjllp.com
10-13-2005

TAX TIP OF THE WEEK
Prepare for college with a Section 529 plan
Information provided by cmjllp.com
09-29-2005

TAX TIP OF THE WEEK
Note the new standard mileage rates for the remainder of 2005
Information provided by cmjllp.com
09-22-2005

TAX TIP OF THE WEEK
When You Marry, Don't Overlook the Paperwork
Information provided by cmjllp.com
08-5--2005

TAX TIP OF THE WEEK
Give Your Child a Job for the Summer
Information provided by cmjllp.com
07-8--2005

TAX TIP OF THE WEEK
How to Correct a Mistake on Your Return
Information provided by cmjllp.com
07-29-2005

TAX TIP OF THE WEEK
Now You Have Longer to Use It Before You Lose It
Information provided by cmjllp.com
07-22-2005

TAX TIP OF THE WEEK
Use the Summer Months to Update your Estate Plan
Information provided by cmjllp.com
07-15-2005

TAX TIP OF THE WEEK
Save on your Taxes While you Save at the Pump
Information provided by cmjllp.com
07-1--2005

TAX TIP OF THE WEEK
Maximize Your 2005 Retirement Savings
Information provided by cmjllp.com
06-3--2005

TAX TIP OF THE WEEK
First-time Homebuyer?
Information provided by cmjllp.com
06-24-2005

TAX TIP OF THE WEEK
Is the Alternative Minimum Tax in Your Future?
Information provided by cmjllp.com
06-17-2005

TAX TIP OF THE WEEK
Get Medical Insurance and Tax Savings Too
Information provided by cmjllp.com
06-10-2005

TAX TIP OF THE WEEK
Work Related Education Expenses Can be Deductible
Information provided by cmjllp.com
05-6--2005

TAX TIP OF THE WEEK
Could the State Sales Tax Boost Your Itemized Deductions?
Information provided by cmjllp.com
05-27-2005

TAX TIP OF THE WEEK
How Mortgage Points Affect Your Taxes
Information provided by cmjllp.com
05-20-2005

TAX TIP OF THE WEEK
How Mortgage Points Affect Your Taxes
Information provided by cmjllp.com
05-13-2005

TAX TIP OF THE WEEK
If You Can't File by April 15 Apply for an Extension
Information provided by cmjllp.com
04-8--2005

TAX TIP OF THE WEEK
You Might Owe Taxes on Your Social Security Benefits
Information provided by cmjllp.com
04-29-2005

TAX TIP OF THE WEEK
Should You Be Making Estimated Tax Payments?
Information provided by cmjllp.com
04-22-2005

TAX TIP OF THE WEEK
Medical Expenses - Don’t Overlook Health Insurance Premiums
Information provided by cmjllp.com
04-15-2005

TAX TIP OF THE WEEK
Sell Your Appreciated Investment Property Tax-Free
by Marco Capaldi, big1031.com
04-1--2005

TAX TIP OF THE WEEK
Teachers Qualify for Special Tax Savings
Information provided by cmjllp.com
03-4--2005

TAX TIP OF THE WEEK
There Are Tax Breaks for Seniors
Information provided by cmjllp.com
03-25-2005

TAX TIP OF THE WEEK
Be Aware of These Business Tax Credits
Information provided by cmjllp.com
03-18-2005

TAX TIP OF THE WEEK
There’s Still Time to Cut Your 2004 Tax Bill
Information provided by cmjllp.com
03-11-2005

TAX TIP OF THE WEEK
Did You Forget Your Refund Check
Information provided by cmjllp.com
02-4--2005

TAX TIP OF THE WEEK
Simplify your life by organizing your tax records
Information provided by cmjllp.com
02-25-2005

TAX TIP OF THE WEEK
Don’t Overlook these Deductions Even if you don’t Itemize
Information provided by cmjllp.com
02-18-2005

TAX TIP OF THE WEEK
Time to Check Your Withholding
Information provided by cmjllp.com
02-11-2005

TAX TIP OF THE WEEK
A New Roth IRA Rule Benefits Seniors
Information provided by cmjllp.com
01-7--2005

TAX TIP OF THE WEEK
The IRS Publishes New Mileage Rates for 2005
Information provided by cmjllp.com
01-28-2005

TAX TIP OF THE WEEK
Tsunami Relief Donations Give Taxpayers an Early Deduction
Information provided by cmjllp.com
01-21-2005

TAX TIP OF THE WEEK
A New Year Tax Checklist
Information provided by cmjllp.com
01-14-2005

Tax Tip of the Week
Work Related Education Expenses Can be Deductible
Information provided by cmjllp.com

Imagine these scenarios. You decide to take evening classes on a topic related to your work. Perhaps you want to improve your skills or just stay current with new developments in the field. Or you attend a seminar as part of the continuing education requirement for your professional license. If your employer won’t pick up the tab, can you claim a tax deduction for the education costs?

The answer: Maybe you can claim a deduction, but it won’t be easy. You might be able to deduct the costs if you itemize deductions. Even then, though, the costs are part of miscellaneous deductions which are subject to a threshold of 2% of adjusted gross income.

To qualify: The education must fall into one of two categories. One is that it maintains or improves the skills you need in your present job. Or the education must be required by law or by your employer if you are to maintain your present position or salary.

You can’t claim a deduction if the training qualifies you for a new trade or business or if it is to meet the minimum education standards for your current job.

If you’re self-employed, taking a deduction may be a little easier. You can generally claim the expense as a business cost, provided it is valid and relates to your current work.

Two other points to note: Different rules may apply if your study is under an established employer-provided education assistance plan. Also, if you are signed up for more serious study at an accredited college or vocational school, you might be able to take an above-the-line deduction for tuition costs.

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	Arts & Entertainment Food For Thought Homeward Bound Just Business Road Trip This & That
ARCHIVES TAX TIP OF THE WEEK Don't Overlook These Miscellaneous Tax Deductions Information provided by cmjllp.com 03-23-2006 TAX TIP OF THE WEEK What’s new for 2006 Information provided by cmjllp.com 01-6--2006 TAX TIP OF THE WEEK Standard or itemized: Know the difference Information provided by cmjllp.com 01-21-2006 TAX TIP OF THE WEEK Changes are Coming for Hybrid Tax Breaks Information provided by cmjllp.com 12-5--2005 TAX TIP OF THE WEEK Business Gifts: Know the tax rules Information provided by cmjllp.com 12-24-2005 TAX TIP OF THE WEEK Take the Mystery Out of Mileage Reimbursement Information provided by cmjllp.com 11-24-2005 TAX TIP OF THE WEEK It’s Time to Review Your Investments Information provided by cmjllp.com 11-17-2005 TAX TIP OF THE WEEK It's time to review your 2005 tax situation Information provided by cmjllp.com 10-6--2005 TAX TIP OF THE WEEK Avoid the Rollover Trap Information provided by cmjllp.com 10-28-2005 TAX TIP OF THE WEEK Hurricane Katrina tax relief is signed by President Bush Information provided by cmjllp.com 10-13-2005 TAX TIP OF THE WEEK Prepare for college with a Section 529 plan Information provided by cmjllp.com 09-29-2005 TAX TIP OF THE WEEK Note the new standard mileage rates for the remainder of 2005 Information provided by cmjllp.com 09-22-2005 TAX TIP OF THE WEEK When You Marry, Don't Overlook the Paperwork Information provided by cmjllp.com 08-5--2005 TAX TIP OF THE WEEK Give Your Child a Job for the Summer Information provided by cmjllp.com 07-8--2005 TAX TIP OF THE WEEK How to Correct a Mistake on Your Return Information provided by cmjllp.com 07-29-2005 TAX TIP OF THE WEEK Now You Have Longer to Use It Before You Lose It Information provided by cmjllp.com 07-22-2005 TAX TIP OF THE WEEK Use the Summer Months to Update your Estate Plan Information provided by cmjllp.com 07-15-2005 TAX TIP OF THE WEEK Save on your Taxes While you Save at the Pump Information provided by cmjllp.com 07-1--2005 TAX TIP OF THE WEEK Maximize Your 2005 Retirement Savings Information provided by cmjllp.com 06-3--2005 TAX TIP OF THE WEEK First-time Homebuyer? Information provided by cmjllp.com 06-24-2005 TAX TIP OF THE WEEK Is the Alternative Minimum Tax in Your Future? Information provided by cmjllp.com 06-17-2005 TAX TIP OF THE WEEK Get Medical Insurance and Tax Savings Too Information provided by cmjllp.com 06-10-2005 TAX TIP OF THE WEEK Work Related Education Expenses Can be Deductible Information provided by cmjllp.com 05-6--2005 TAX TIP OF THE WEEK Could the State Sales Tax Boost Your Itemized Deductions? Information provided by cmjllp.com 05-27-2005 TAX TIP OF THE WEEK How Mortgage Points Affect Your Taxes Information provided by cmjllp.com 05-20-2005 TAX TIP OF THE WEEK How Mortgage Points Affect Your Taxes Information provided by cmjllp.com 05-13-2005 TAX TIP OF THE WEEK If You Can't File by April 15 Apply for an Extension Information provided by cmjllp.com 04-8--2005 TAX TIP OF THE WEEK You Might Owe Taxes on Your Social Security Benefits Information provided by cmjllp.com 04-29-2005 TAX TIP OF THE WEEK Should You Be Making Estimated Tax Payments? Information provided by cmjllp.com 04-22-2005 TAX TIP OF THE WEEK Medical Expenses - Don’t Overlook Health Insurance Premiums Information provided by cmjllp.com 04-15-2005 TAX TIP OF THE WEEK Sell Your Appreciated Investment Property Tax-Free by Marco Capaldi, big1031.com 04-1--2005 TAX TIP OF THE WEEK Teachers Qualify for Special Tax Savings Information provided by cmjllp.com 03-4--2005 TAX TIP OF THE WEEK There Are Tax Breaks for Seniors Information provided by cmjllp.com 03-25-2005 TAX TIP OF THE WEEK Be Aware of These Business Tax Credits Information provided by cmjllp.com 03-18-2005 TAX TIP OF THE WEEK There’s Still Time to Cut Your 2004 Tax Bill Information provided by cmjllp.com 03-11-2005 TAX TIP OF THE WEEK Did You Forget Your Refund Check Information provided by cmjllp.com 02-4--2005 TAX TIP OF THE WEEK Simplify your life by organizing your tax records Information provided by cmjllp.com 02-25-2005 TAX TIP OF THE WEEK Don’t Overlook these Deductions Even if you don’t Itemize Information provided by cmjllp.com 02-18-2005 TAX TIP OF THE WEEK Time to Check Your Withholding Information provided by cmjllp.com 02-11-2005 TAX TIP OF THE WEEK A New Roth IRA Rule Benefits Seniors Information provided by cmjllp.com 01-7--2005 TAX TIP OF THE WEEK The IRS Publishes New Mileage Rates for 2005 Information provided by cmjllp.com 01-28-2005 TAX TIP OF THE WEEK Tsunami Relief Donations Give Taxpayers an Early Deduction Information provided by cmjllp.com 01-21-2005 TAX TIP OF THE WEEK A New Year Tax Checklist Information provided by cmjllp.com 01-14-2005 FIND A HOME FIND A MOVIE MY COMMUNITY LOCAL EVENTS ONLINE TRAVEL TABLE OF CONTENTS	Tax Tip of the Week Work Related Education Expenses Can be Deductible Information provided by cmjllp.com Imagine these scenarios. You decide to take evening classes on a topic related to your work. Perhaps you want to improve your skills or just stay current with new developments in the field. Or you attend a seminar as part of the continuing education requirement for your professional license. If your employer won’t pick up the tab, can you claim a tax deduction for the education costs? The answer: Maybe you can claim a deduction, but it won’t be easy. You might be able to deduct the costs if you itemize deductions. Even then, though, the costs are part of miscellaneous deductions which are subject to a threshold of 2% of adjusted gross income. To qualify: The education must fall into one of two categories. One is that it maintains or improves the skills you need in your present job. Or the education must be required by law or by your employer if you are to maintain your present position or salary. You can’t claim a deduction if the training qualifies you for a new trade or business or if it is to meet the minimum education standards for your current job. If you’re self-employed, taking a deduction may be a little easier. You can generally claim the expense as a business cost, provided it is valid and relates to your current work. Two other points to note: Different rules may apply if your study is under an established employer-provided education assistance plan. Also, if you are signed up for more serious study at an accredited college or vocational school, you might be able to take an above-the-line deduction for tuition costs. Send a comment		Advanced Voice Communications, Inc. The Travel Connection Cool Air Creations Cardi's Furniture Super Stores Mardi Gras Norwood Motor Group Providence Performing Arts Center RI Living Rhode Island Lottery Station Family Fund Strategic Point Trinity Repertory Theatre Toray Plastics Warwick Mall