Question:

Can i purchase a computer with the American opportunity tax credit

by Tax Man  |  10 years, 11 month(s) ago

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Can i purchase a computer with the American opportunity tax credit?

So in other words the question is, does an expenditure for a computer qualify for the American opportunity tax credit?

A. Whether an expenditure for a computer qualifies for the credit depends on the facts. An expenditure for a computer would qualify for the credit if the computer is needed as a condition of enrollment or attendance at the educational institution.

More and more colleges are now moving towards laptops for education, so if that is the case; you can use the tax credit money to buy one.

 Tags: American, computer, credit, OPPORTUNITY, purchase, tax

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