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Financial Planning / Tax Strategies


Subject:  Re: Is Tuition deductible? Date:  12/10/1999  2:22 AM
Author:  theslayor Number:  22761 of 127745

The real question is whether or not it qualified you for another job, or improves your ability to do your current one. I will let you be the judge of that, but suggest you be very careful.

I think a rule of thumb is that undergrad isn't deductible.

I know for a fact that law school isn't. But, if you work as an attorney and then go back to get an advanced law degree, that one is. I learned this one a year too late. Also, an MBA is, unless you are coming straight out of college, then I don't think it is.

You could deduct your suits, but the stretch would be in a federal penitentary. Just kidding, but don't do it. If you needed a uniform for work, then yes, but you are trying to get a job and it isn't a uniform, so no.

Just a thought...
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