Tuition and fee deductions for 2008 tax form 1040

[SumanaP]

Hi everyone,
                 I am a graduate of the Fall2008 Natural chef program @ santa cruz. As its time for filing my tax returns for 2008,I have a question.

IS it possible to take  Bauman college tuition and fee expenses as a deduction on my 1040 form ??
               Normally some colleges send you a 1098 form for educational expenses and I am not sure if bauman does the same. I am sure some of you must have pondered over this question and have some answers. Please help !!

thanks,
Sumana

[Marlina E]

Since we are not a title 4 school, you can not deduct your educational expenses. 

However, if you have your own business, you may be able to write the education off.  But you would need to talk to a tax adviser.

[SumanaP]

Thanks Marlina for responding. It answers my question.

[AndieJ]

Does this also mean that Bauman College tuition would not be applicable for the 2009-2010 stimulus package Hope Scholarship Tax Credit, which credit $2,500 per year of college?  I read about this here:
http://www.naturalhealers.com/qa/em-stimulus/?src=cm_anh_nl_20090406_mt

Are there any plans for Bauman to become a title 4 school? 

Thanks,
Andie

[Marlina E]

Hello,

It is likely that BC tuition will not be eligible for the increased tax credit.

Bauman College is not a title 4 school, as we do not have a federal school code.