Question

If education expenses qualify pursuant to IRC § 222, which types of expenses are deductible?

a)tuition books
b)supplies
c)transportation
d)lodging meals

Answer 1

Deductible education expenses under IRC § 222 include tuition, books, and supplies but do not include transportation, lodging, and meals. These are outlined by current tax laws and can be influenced by acceptable forms of federal aid.

Step-by-step explanation:

If education expenses qualify pursuant to IRC § 222, the types of expenses that are deductible are tuition, books, and supplies. The Internal Revenue Code allows for the deduction of certain education expenses for taxpayers who are engaged in an education pursuit to maintain or improve their job skills or as part of a degree program.

Notably, expenses such as transportation, lodging, and meals are not deductible under this section. Acceptable forms of federal aid can influence which education expenses qualify, so it's important to review current tax laws and provisions.