not tax deductable!! :(

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
meowmeow
Posts: 165
Joined: Thu Nov 19, 2009 5:45 pm

not tax deductable!! :(

Postby meowmeow » Thu Jan 28, 2010 9:40 am

I was so excited thinking...HURRAY I spent $1,000 dollars taking the LSAT and applying to Law school and its gonna be Tax Deductable ...NOT

I can't believe its not!! :(

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adameus
Posts: 719
Joined: Fri Aug 14, 2009 2:07 am

Re: not tax deductable!! :(

Postby adameus » Thu Jan 28, 2010 3:26 pm

mother #@$#er!!!! I blame it on Obama. That guy is taxing us to death....

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SamSeaborn2016
Posts: 412
Joined: Fri Feb 13, 2009 3:07 pm

Re: not tax deductable!! :(

Postby SamSeaborn2016 » Thu Jan 28, 2010 3:30 pm

Ah, the smell of tax season and the desperation that goes with it.

I spent a good 10 minutes this morning explaining to a coworker why she probably shouldn't claim all her dry cleaning (LOTS) as a work expense. The fact that we have no dress code at work should have been enough.

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sirchristaylor
Posts: 339
Joined: Thu Nov 05, 2009 1:33 pm

Re: not tax deductable!! :(

Postby sirchristaylor » Thu Jan 28, 2010 3:34 pm

adameus wrote:mother #@$#er!!!! I blame it on Obama. That guy is taxing us to death....


"What new taxes are you paying because of Obama," I wonder.

09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Re: not tax deductable!! :(

Postby 09042014 » Thu Jan 28, 2010 3:35 pm

Interest on student loans is apparently.

PoliticalJunkie
Posts: 228
Joined: Sun Sep 27, 2009 2:32 pm

Re: not tax deductable!! :(

Postby PoliticalJunkie » Thu Jan 28, 2010 3:40 pm

sirchristaylor wrote:
adameus wrote:mother #@$#er!!!! I blame it on Obama. That guy is taxing us to death....


"What new taxes are you paying because of Obama," I wonder.


You obviously haven't been reading anything. Ahh ignorance is bliss, until you end up working!

He's eliminating the tax cuts under Bush, eliminating itemized deductions, and increasing capital gains taxes. For those of us, NOT in undergrad and living in the real world with investments, this limits my profits, especially the capital gains taxes.

He's also considering a VAT oh and a fine forcing me to pay for health insurance.... Nanny state anyone?

Big Dog
Posts: 1191
Joined: Wed Dec 16, 2009 9:34 pm

Re: not tax deductable!! :(

Postby Big Dog » Thu Jan 28, 2010 3:45 pm

I was so excited thinking...HURRAY I spent $1,000 dollars taking the LSAT and applying to Law school and its gonna be Tax Deductable ...NOT

I can't believe its not!!


Sorry, unless you are taking a continuing ed course (required to maintain your license, for example), fees for professional schools have not been deductible for many years. The only professional school that is arguably tax deductible is business school.

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adameus
Posts: 719
Joined: Fri Aug 14, 2009 2:07 am

Re: not tax deductable!! :(

Postby adameus » Thu Jan 28, 2010 3:53 pm

PoliticalJunkie wrote:
sirchristaylor wrote:
adameus wrote:mother #@$#er!!!! I blame it on Obama. That guy is taxing us to death....


"What new taxes are you paying because of Obama," I wonder.


You obviously haven't been reading anything. Ahh ignorance is bliss, until you end up working!

He's eliminating the tax cuts under Bush, eliminating itemized deductions, and increasing capital gains taxes. For those of us, NOT in undergrad and living in the real world with investments, this limits my profits, especially the capital gains taxes.

He's also considering a VAT oh and a fine forcing me to pay for health insurance.... Nanny state anyone?


Well I'm actually Canadian, so none of this effects me. I was just joking and echoing general republican propoganda/paranoia

meowmeow
Posts: 165
Joined: Thu Nov 19, 2009 5:45 pm

Re: not tax deductable!! :(

Postby meowmeow » Thu Jan 28, 2010 4:06 pm

Im taking all my stuff with me when I get my taxes in to see if they can make it work somehow anyways.

bfarring
Posts: 9
Joined: Thu Sep 17, 2009 2:02 am

Re: not tax deductable!! :(

Postby bfarring » Thu Jan 28, 2010 4:11 pm

PoliticalJunkie wrote:
sirchristaylor wrote:
adameus wrote:mother #@$#er!!!! I blame it on Obama. That guy is taxing us to death....


"What new taxes are you paying because of Obama," I wonder.


You obviously haven't been reading anything. Ahh ignorance is bliss, until you end up working!

He's eliminating the tax cuts under Bush, eliminating itemized deductions, and increasing capital gains taxes. For those of us, NOT in undergrad and living in the real world with investments, this limits my profits, especially the capital gains taxes.

He's also considering a VAT oh and a fine forcing me to pay for health insurance.... Nanny state anyone?


I hear Somalia has pretty low taxes...

LSATfromNC
Posts: 735
Joined: Sat Oct 04, 2008 3:29 pm

Re: not tax deductable!! :(

Postby LSATfromNC » Thu Jan 28, 2010 4:15 pm

bfarring wrote:
PoliticalJunkie wrote:
sirchristaylor wrote:
adameus wrote:mother #@$#er!!!! I blame it on Obama. That guy is taxing us to death....


"What new taxes are you paying because of Obama," I wonder.


You obviously haven't been reading anything. Ahh ignorance is bliss, until you end up working!

He's eliminating the tax cuts under Bush, eliminating itemized deductions, and increasing capital gains taxes. For those of us, NOT in undergrad and living in the real world with investments, this limits my profits, especially the capital gains taxes.

He's also considering a VAT oh and a fine forcing me to pay for health insurance.... Nanny state anyone?


I hear Somalia has pretty low taxes...


yeah, but they're still killer :)

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aIvin adams
Posts: 174
Joined: Wed Oct 14, 2009 8:29 pm

Re: not tax deductable!! :(

Postby aIvin adams » Thu Jan 28, 2010 6:10 pm

PoliticalJunkie wrote:
sirchristaylor wrote:
adameus wrote:mother #@$#er!!!! I blame it on Obama. That guy is taxing us to death....


"What new taxes are you paying because of Obama," I wonder.


You obviously haven't been reading anything. Ahh ignorance is bliss, until you end up working!

He's eliminating the tax cuts under Bush, eliminating itemized deductions, and increasing capital gains taxes. For those of us, NOT in undergrad and living in the real world with investments, this limits my profits, especially the capital gains taxes.

He's also considering a VAT oh and a fine forcing me to pay for health insurance.... Nanny state anyone?


some of us live in the real world but don't pay capital gains taxes. we're called poor. anyway thought obama already lowered the cgt by half and wants to temporarily eliminate the capital gains tax?




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