f****t
发帖数: 1063 | 1 1) the tuition for ONE person less than 4000, if the fed rate is 25%, then it
is better to go to the duduction (Form 1040 Line 35) (save 25%), than to go
to the lifetime learning credit (save 20%).
Am I right, or missing anything here?
2) if the tution is over 4k, let us say 6k, and if I am working and in the range of fed tax rate 25%, and have other business expenses over 2% of MAGI, then it is better to claim 6k in the business expenses, than in the the lifetime learning credit? again, the 25% | k*****u
发帖数: 1313 | 2 Looks right. Use a software ba. It will pick the one with more return.
1) the tuition for ONE person less than 4000, if the fed rate is 25%, then
it
is better to go to the duduction (Form 1040 Line 35) (save 25%), than to go
to the lifetime learning credit (save 20%).
Am I right, or missing anything here?
2) if the tution is over 4k, let us say 6k, and if I am working and in the
range of fed tax rate 25%, and have other business expenses over 2% of MAGI,
then it is better to claim 6k in the bus
【在 f****t 的大作中提到】
: 1) the tuition for ONE person less than 4000, if the fed rate is 25%, then it
: is better to go to the duduction (Form 1040 Line 35) (save 25%), than to go
: to the lifetime learning credit (save 20%).
: Am I right, or missing anything here?
: 2) if the tution is over 4k, let us say 6k, and if I am working and in the range of fed tax rate 25%, and have other business expenses over 2% of MAGI, then it is better to claim 6k in the business expenses, than in the the lifetime learning credit? again, the 25%
| f****t
发帖数: 1063 | 3 thanks. I don't have a software :(
【在 k*****u 的大作中提到】
: Looks right. Use a software ba. It will pick the one with more return.
:
: 1) the tuition for ONE person less than 4000, if the fed rate is 25%, then
: it
: is better to go to the duduction (Form 1040 Line 35) (save 25%), than to go
: to the lifetime learning credit (save 20%).
: Am I right, or missing anything here?
: 2) if the tution is over 4k, let us say 6k, and if I am working and in the
: range of fed tax rate 25%, and have other business expenses over 2% of MAGI,
: then it is better to claim 6k in the bus
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