My university required each incoming freshman to come to school with their own computer. Is there any way to deduct the cost of the computer from my tax liability?
The cost of a personal computer is generally a personal expense that is not deductible. However, if the school bills everyone, as a condition of attendance or enrollment for proprietary computer devices and/or software available no where else, then this may qualify as an expense towards either the Lifetime Learning Credit or Hope Credit. For more information, refer to Publication 970 (PDF), Tax Benefits for Higher Education.
References:
Tax Topics & FAQs | 2002 Tax Year Archives | Tax Help Archives | Home
