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Author: wtam Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120799  
Subject: Re: Pretax Dollars for MBA Date: 11/10/2005 11:44 PM
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if you are looking via the mba to enhance your skills in your current job class/category, then a lot of the mba expense can be deducted. if you are a career changer, or to prepare you to qualify for a new field of employment, then not very much.

many mba's-to-be only ask the question when they are finishing their degree and looking at a substantial salary, at which point it is too late.

since you are asking before you start, you have the opportunity to setup your situation so that the bulk of the mba expense would be considered deductible.

however, you should be careful to not let the tax tail wag the dog; at the juncture of graduating from business school, your focus should most certainly be on getting a career that will maximize your long term job satisfaction and overall life happiness. this would absolutely be the wrong time to limit your choices simply to make the (albeit substantial) tuition expense tax deductible.
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