Anyone know if tuition paid reduces adjusted gross income?
It does not
Are you sure ? im looking at publication 17 pg 7 it shows :3. Your adjustments to income are for onlythe following items.a. Educator expenses.b. IRA deduction.c. Student loan interest deduction.d. Tuition and fees
Sorry my bad. I thought you were referring to regular school tuition like grade school.There are definitely deductions for college education.
what do i do if i didnt get any 1099s and i know i got bank bonuses, just dont remember from who
It was suggested to me to wait a while and get a tax transcript. When I did that it seemed like no 1099s were issued.
Tax transcript is not the same as an earnings and wage transcript.
Anyone know answer: i Booked an airline ticket for a company , they paid me for it, now they say they're supposed to issue me a 1099, anyone know if this is correct?
Sounds right. Pick up the income and show a corresponding expense for your cost.
How much of that can be taken off, what percentage of 1099s can be taken off for expenses ?
When you have 1099 income, you can file a ?schedule C? that has place to deduct business expenses.
But in my situation, how much can be taken off for a ticket i booked?