Tax deductions?

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Specializes in ER, Corrections, Mental Health.

Does anyone know if you are able to write off exam fees in your taxes? I know in traditional schools they send you a statement at the end of the year that you can use for tax purposes but I didn't know if excelsior did? Thanks!

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Specializes in Complex pedi to LTC/SA & now a manager.

Excelsior sends out the tax forms with all educational charges.

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Like JustBeachyNurse said, yes you can and they will send you statement for your taxes. Also, don't forget to keep track of what you have paid on any books (rented, new, used, whatever), study guides, PearsonVue fees, videos, supplies, Vangonotes, workshops... etc that did not come from Excelsior.

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Specializes in ER, Corrections, Mental Health.

I didn't even think about the testing center fees or any of that!

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Specializes in Complex pedi to LTC/SA & now a manager.

Double check on test center fees with a CPA to ensure they count. Certain fees are not deductible. Just like application fees aren't deductible

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Everything that doesn't fall under tuition will fall under 'other expenses' but only at the 2% AGI, but yes even your pencils are deductible.

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Specializes in EMS, ED, Trauma, CEN, CPEN, TCRN.

I would caution you against asking for tax advice on a nursing forum, just as I wouldn't ask for nursing advice on a tax forum. ;) Best to consult a tax professional.

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