Question
Shelia, who is single, is employed as a full-time middle school teacher. The school district for which she works recently instituted a policy requiring all
Shelia, who is single, is employed as a full-time middle school teacher. The school district for which she works recently instituted a policy requiring all of its teachers to start working on a master's degree. Pursuant to this new rule, Shelia spent most of the summer of 2018 taking graduate courses at an out-of-town university. Her MAGI is $70,000 and her expenses include:
|
In addition, Shelia drove her personal automobile 4,800 miles in connection with the education. She uses the automatic mileage method
| Filing Status | Modified AGI | Maximum Deduction Allowed |
|---|---|---|
| Single | $65,000 or less | $4,000 |
| More than $65,000 and less than or equal to $80,000 | $2,000 | |
| More than $80,000 | None | |
| Married | $130,000 or less | $4,000 |
| More than $130,000 and less than or equal to $160,000 | $2,000 |
a. How much, if any, of these expenses might qualify as a deduction for AGI?
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Introduction To Government And Not For Profit Accounting
Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch
5th Edition
0130464147, 978-0130464149
