Todd's blog

Education Expenses - Are They Deductible?

Given the high cost of higher education, this issue is more than academic - significant tax dollars may be at stake.

Job-related Education

Your cost of job-related education is deductible if the education:

  • Maintains or imporves skills related to your existing job, trade, or business or
  • Is required - by law or your employer - to keep your position or job.

Conversely, you aren't allowed to deduct the cost of education that's required to enter a field or that qualifies you for a new trade or business

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