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- Path: sparky!uunet!news.univie.ac.at!blekul11!frmop11!barilvm!x42529
- Organization: Bar-Ilan University Computing Center, Israel
- Date: Tue, 22 Dec 1992 19:09:22 IST
- From: Shlomo <X42529@BARILVM.BITNET>
- Message-ID: <92357.190922X42529@BARILVM.BITNET>
- Newsgroups: misc.taxes
- Subject: Re: student taxes
- Distribution: misc
- References: <1992Dec18.1302.4016@execnet>
- Lines: 10
-
- In article <1992Dec18.1302.4016@execnet>, "hilary miller"
- <hilary.miller@execnet.com> says:
- > The costs of an undergraduate education, with ex-
- > tremely limited exceptions (probably not applica-
- > ble to you) are not deductible.
-
- Yes, but keep in mind that the interest on U.S. Savings bonds can be tax-free,
- if you use the money towards "education" = undergraduate tuition.....
- so students with savings bonds should cash them in before they complete their
- studies, and claim tuition as a deduction.
-