This post is related to our last one – they are both about educational-related tax breaks. Today, the topic that estimated taxpayers need to consider when they make their quarterly tax payments in 2009 is qualified educational expenses.
According to the IRS, during 2009 and 2010, qualified education expenses will include the purchase of computer technology, equipment, or Internet access and related services if it is to be used by the beneficiary and the beneficiary’s family during any of the years the beneficiary is enrolled at an eligible educational institution. (This does not include expenses for computer software designed for sports, games or hobbies unless the software is predominantly educational in nature.)
