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February 9, 2021
Question

So I bought a laptop for school, since it all went online in 2020. Does this count as a required education expense?

  • February 9, 2021
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1 reply

RayW7
February 9, 2021

The government uses tax policy to encourage activities such as paying for education and saving for retirement. While the names and amounts vary, the IRS generally provides for some type of educational tax credit to help offset the costs of qualifying tuition and related expenses.

  • A computer for school purposes may or may not qualify for these credits.
  • If your computer is a necessary requirement for enrollment or attendance at an educational institution, the IRS deems it a qualifying expense.
  • If you are using the computer simply out of convenience, it most likely does not qualify for a tax credit.