Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

ken0042 · 02-02-2006, 10:33 AM

Your tuition is a tax deduction. So if you made $33,000 last year, and paid $3000 in tuition, you would only pay income tax on $30,000 of your income. So if you are in the 20% tax bracket, it would net you an extra $600 in your income tax refund.

02-02-2006, 10:33 AM	#10
ken0042 Playboy Mansion Poolboy Join Date: Apr 2004 Location: Close enough to make a beer run during a TV timeout Exp:	Your tuition is a tax deduction. So if you made $33,000 last year, and paid $3000 in tuition, you would only pay income tax on $30,000 of your income. So if you are in the 20% tax bracket, it would net you an extra $600 in your income tax refund.