Fundamentals of Taxation
Expenses for Home Schooling or for Non-Athletic Supplies for Health
Expenses for home schooling or for non-athletic supplies for health or physical education courses qualify for the education expense deduction.
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For 2015, taxpayers can take an above-the-line deduction for qualified tuition and related expenses paid during the year for the taxpayer, taxpayer's spouse, or a dependent.
Books purchased for courses at the campus bookstore, independent of tuition charges, are eligible expenses for the tuition and fees deduction.
For 2015, the maximum amount of deductible student loan interest is $2,500.
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