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URL:  http://boards.fool.com/lifetime-learning-credit-20629987.aspx

Subject:  Lifetime Learning Credit Date:  4/13/2004  2:58 PM
Author:  tmeri Number:  507 of 1488

Yesterday I received in the mail a catelog for the local community college. They have a new offering for professional cooking. I had been wanting to take a professional cooking class, but until recently, it was only offered by another community college too far away. But now I'm so happy, because this one is nearby!

Unfortunately, the class is expensive. It's $240 for 12 classes (3 hours each). That includes food but not knives or clothes. It is part of a degree or certificate in restaurant careers or something like that; I have no interest in a career.

But I do think that being a better cook might well improve the luxury component of RWOL. I wanna be like sykesix.

Today I checked out the IRS about whether the tuition might be given a tax break. Indeed, it might. The community college is on the approved list. You can find out here if one near you is:

http://www.fafsa.ed.gov/fotw0405/fslookup.htm

I don't know the details yet, but here is a FAQ from the IRS about the Lifetime Learning Credit. Perhaps someone else can shed some light. This is my first look at the subject:

http://www.irs.gov/individuals/article/0,,id=96273,00.html

- tmeri
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