Anybody know if you can itemize and deduct all these fees we've paid for our dental school applications...AADSAS, interviews (plane tickets), etc?
My father said I could, but I called the IRS Teletax service and from what I gathered, you can only write-off those fees if they're related to your current employment.
Though I am not a tax expert, I do not believe you can deduct dental school application expenses if you did not have a prior dental related job. What I am not sure is whether or not you can deduct the expenses if say you are a dental hygenist, etc. who is trying to become a dentist. However, the con against that is that you are actually changing occupations, and not actually advancing yourself in the field of dental hygeine for example.
I was told by the guy who did my taxes that application fees could be deducted but you are limited to a maximum amount of education related deductions you could make in your lifetime.
I am pretty sure you cannot deduct student loans even if it is for your profession. However, if you took out dentistry related education or business loans at the time you are a dentist, I think you can deduct them.
