premedgeek

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are application fee and interview costs tax deductible?


Edit: Nevermind, they are not deductible. :mad:
 

Code Brown

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premedgeek said:
are application fee and interview costs tax deductible?


Edit: Nevermind, they are not deductible. :mad:
From my understanding, they are if you end up going MD/PhD and you get a stipend (ie. Get paid). This could be looked upon as looking for work. Mind you, the stipend will probably be so dismal that you won't pay taxes anyway.
 

Code Brown

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dr.z said:
I pay my taxes on stipend (I'm a Ph.D student). I don't get paid much though.
Speaking of getting paid. Several friends have been getting PhD offers and have been wondering what a "decent" PhD stipend would be? Any insight into this? Two are going into Analytical Chemistry and one into Biology.
 

dr.z

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Code Brown said:
Speaking of getting paid. Several friends have been getting PhD offers and have been wondering what a "decent" PhD stipend would be? Any insight into this? Two are going into Analytical Chemistry and one into Biology.
It totally depends on the school (due to location/cost of living), and how much money the program has. I have heard anything from $1400 to $2000 a month before taxes.

I get about $1700 after taxes, and I get health insurance and other fees paid. I'm in L.A. at a graduate program in medical school.
 

pratik7

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premedgeek said:
are application fee and interview costs tax deductible?


Edit: Nevermind, they are not deductible. :mad:

If you currently have a full time job... then the application fee and interview cost maybe tax deductible because it is considered looking for work. If you are now a student, it doesnt count.
 

liverotcod

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pratik7 said:
If you currently have a full time job... then the application fee and interview cost maybe tax deductible because it is considered looking for work. If you are now a student, it doesnt count.
That only applies if you are looking for a job in the same career.