From: joshua lauer (jslauer@hotmail.com)
Date: Fri Jan 20 2006 - 14:54:00 GMT-3
Check this chart out for the comparison of the two credits:
Table 35-1. Comparison of Education Credits
---------------------------------------------------------------------
Hope Credit Lifetime Learning Credit
---------------------------------------------------------------------
Up to $1,500 credit per eligible Up to $2,000 credit per return
student
---------------------------------------------------------------------
Available only until the Available for all years of
first 2 years of postsecondary education and for
postsecondary education are courses to acquire or
completed improve job skills
---------------------------------------------------------------------
Available only for 2 years per Available for an unlimited
eligible student number of years
---------------------------------------------------------------------
Student must be pursuing an Student does not need to be
undergraduate degree or other pursuing a degree or other
recognized educational credential recognized education credential
---------------------------------------------------------------------
Student must be enrolled at Available for one or more courses
least half time for
at least one academic period
beginning during the year
---------------------------------------------------------------------
No felony drug conviction on Felony drug conviction rule does
student's record not apply
---------------------------------------------------------------------
Josh Lauer
RHCE, MCSE NT/2000, CCNA, CCDA, CCDP, CCNP, CCSP, CCIP, CISSP, CEH
----- Original Message -----
From: "John Matus" <John.Matus@tokiom.com>
To: "joshua lauer" <jslauer@hotmail.com>
Cc: "Tim" <ccie2be@nyc.rr.com>; <ccielab@groupstudy.com>; "'Joe Rinehart'"
<jjrinehart@hotmail.com>; "'John Matus'" <jmatus@pacbell.net>;
<nobody@groupstudy.com>
Sent: Friday, January 20, 2006 12:35 PM
Subject: Re: ccie tax write-off's
> the problem is that i was perusing the "hope credit" and the "life-time"
> credit and they both indicate that you have to be enrolled in a
> sactioned/accredited institution "one that offers financial aid" and
> what-not.............so that might not be the right route. it sounds like
> the business-expense form might be the right way to do
> it,,,,,,,,,,,,,,,,but i'm not sure.
>
>
>
>
> Regards,
>
> John D. Matus
> Technical Support / PAS
> Fujitsu Consulting
> 626-568-7716
> John.Matus@tokiom.com
>
>
>
> "joshua lauer"
> <jslauer@hotmail.
> com> To
> Sent by: "Tim" <ccie2be@nyc.rr.com>, "'Joe
> nobody@groupstudy Rinehart'"
> .com <jjrinehart@hotmail.com>, "'John
> Matus'" <jmatus@pacbell.net>,
> <ccielab@groupstudy.com>
> 01/20/2006 06:52 cc
> AM
> Subject
> Re: ccie tax write-off's
> Please respond to
> "joshua lauer"
> <jslauer@hotmail.
> com>
>
>
>
>
>
>
> Yes,
>
> to a certain extent..Not sure of the form but this is considered
> continuing
>
> education. Lifetime learning credit is likely what this category will fall
> under. You wont get to take the hope credit for this.
>
> JL
>
>
> Josh Lauer
>
> RHCE, MCSE NT/2000, CCNA, CCDA, CCDP, CCNP, CCSP, CCIP, CISSP, CEH
>
>
>
>
> ----- Original Message -----
> From: "Tim" <ccie2be@nyc.rr.com>
> To: "'joshua lauer'" <jslauer@hotmail.com>; "'Joe Rinehart'"
> <jjrinehart@hotmail.com>; "'John Matus'" <jmatus@pacbell.net>;
> <ccielab@groupstudy.com>
> Sent: Friday, January 20, 2006 9:49 AM
> Subject: RE: ccie tax write-off's
>
>
>> Hey Josh,
>>
>> When you say, "take the education credits", does that mean that you can
>> reduce the tax you owe by subtracting the amount spent pursuing a ccie?
>>
>> TIA,Tim
>>
>> -----Original Message-----
>> From: joshua lauer [mailto:jslauer@hotmail.com]
>> Sent: Friday, January 20, 2006 9:21 AM
>> To: Tim; 'Joe Rinehart'; 'John Matus'; ccielab@groupstudy.com
>> Subject: Re: ccie tax write-off's
>>
>> You can also take the education credits since CCIE training and the
>> certification tests are considered "vocational training" by the govt. I'm
>> not sure if this type of credit will exist next year, but it does now.
>>
>>
>> jl
>>
>>
>> Josh Lauer
>>
>> RHCE, MCSE NT/2000, CCNA, CCDA, CCDP, CCNP, CCSP, CCIP, CISSP, CEH
>>
>>
>>
>>
>> ----- Original Message -----
>> From: "Tim" <ccie2be@nyc.rr.com>
>> To: "'Joe Rinehart'" <jjrinehart@hotmail.com>; "'John Matus'"
>> <jmatus@pacbell.net>; <ccielab@groupstudy.com>
>> Sent: Friday, January 20, 2006 9:11 AM
>> Subject: RE: ccie tax write-off's
>>
>>
>>> Actually, it depends whether you're an employee or a contractor.
>>>
>>> As an employee, you're much more limited.
>>>
>>> As a contractor, it's all deductible.
>>>
>>> Tim
>>>
>>> -----Original Message-----
>>> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of
>>> Joe
>>> Rinehart
>>> Sent: Friday, January 20, 2006 8:38 AM
>>> To: John Matus; ccielab@groupstudy.com
>>> Subject: Re: ccie tax write-off's
>>>
>>> Form 2106 as part of employee business expenses....
>>> ----- Original Message -----
>>> From: "John Matus" <jmatus@pacbell.net>
>>> To: <ccielab@groupstudy.com>
>>> Sent: Thursday, January 19, 2006 8:37 PM
>>> Subject: ccie tax write-off's
>>>
>>>
>>>> does anyone know if you can write off CCIE stuff on your tax returns?
>>>> i'm
>>> not
>>>> quite sure where or how you would do it, but hey..... it is "continuing
>>>> education".
>>>>
>>>>
>>>> Regards,
>>>>
>>>> John D. Matus
>>>> MCSE, CCNP
>>>> Office: 818-782-2061
>>>> Cell: 818-430-8372
>>>> jmatus@pacbell.net
>>>>
>>>> _______________________________________________________________________
>>>> Subscription information may be found at:
>>>> http://www.groupstudy.com/list/CCIELab.html
>>>
>>> _______________________________________________________________________
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>>> _______________________________________________________________________
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>>
>> _______________________________________________________________________
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