Application Fee + Interview Cost = Tax Deductible?

[premedgeek]

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are application fee and interview costs tax deductible?


Edit: Nevermind, they are not deductible. 😡

 

[Code Brown]

are application fee and interview costs tax deductible?


Edit: Nevermind, they are not deductible. 😡

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.

 

[dr.z]

Mind you, the stipend will probably be so dismal that you won't pay taxes anyway.

I pay my taxes on stipend (I'm a Ph.D student). I don't get paid much though.

 

[Code Brown]

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]

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]

are application fee and interview costs tax deductible?


Edit: Nevermind, they are not deductible. 😡

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]

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.