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Is My School Tuition Deductible?

In general, you are allowed a deduction for education expenses when you satisfy ALL of these requirements:

1.The education was undertaken to IMPROVE skills or gain knowledge for your current position,

2.The education was NOT undertaken to acquire the basic skills and knowledge required to qualify for your present job,

3.The education will not qualify you for a promotion or new position/occupation, even if you choose to remain on your current job, AND

4.The expenses incurred were reasonable for the benefit received.

Expenses connected with seminars about investments or unrelated to your current job are not deductible.

Are costs of obtaining a degree deductible? Except in rare cases, the cost of a degree program would not be deductible. However, the individual courses included in the degree program, which meet the above criteria, could be deductible. (Example: Sally works in retail operations, and is going to school at night to get her college degree. Some of her business-related courses may help her do her present job without qualifying her for a promotion, and could be deductible. However, her liberal arts courses - required for her degree - are unrelated to her current position and would not be deductible.)

Note - see Report on Hope and Lifetime Learning Credits - using these Credits if available could be more of a benefit than deducting your tuition.




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We do not offer legal advice. All information provided on this website is for informational purposes only and is not a substitute for proper legal advice. If you have legal questions, we recommend that you seek the advice of legal professionals.

Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.

Copyright 2017 Wink Tax Services / Wink Inc.
Last modified: January 30, 2017