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