Special expenditure - college - tax deductable?Submitted by mr.p.jenny on Tue, 05/02/2017 - 20:45
I added several special expenditures for college, and since I know those are partially tax-deductable (depending on income limits), I thought ESplanner would figure out the fraction they were tax deductable; I think the deduction limit is $4,000 in one case and a $2,500 credit in another case. But instead it appears ESplanner is taking the whole college expense I entered as a tax-deduction, which incorrectly lowers my projected taxes too much. To be more accurate I think I should just change it to "not tax related." Does that sound right?