LO.3 Charles is employed as a full-time high school teacher. The school district for which he works
Question:
LO.3 Charles is employed as a full-time high school teacher. The school district for which he works recently instituted a policy requiring all of its teachers to start working on a master’s degree. Pursuant to this new rule, Charles spent most of the summer of the current year taking graduate courses at an out-of-town university. His expenses are as follows:
Tuition $6,200 Books and course materials 1,200 Lodging 1,400 Meals 2,100 Laundry and dry cleaning 180 Campus parking 200 In addition, Charles drove his personal automobile 1,800 miles in connection with the education. He uses the automatic mileage method.
a. How much, if any, of these expenses might qualify as a deduction for AGI?
b. How much, if any, of these expenses might qualify as a deduction from AGI?
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