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Author: brewer12345 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123158  
Subject: Is tuition deductible? Date: 10/10/2000 3:43 PM
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OK, I've read through the tax area of TMF and I even read through IRS pub 508, and I still can't tell whether my educational expenses might be deductible. Here's the story:

My wife and I are both pursuing graduate degrees. My wife is pursuing an M Ed. in counseling psychology and I am pursuing an MBA. My wife is currently working as a career counselor at a college and I am a business researcher at a consulting firm. Neither of us qualify under the definition of being required to get these degrees by our employers. However, I can't tell whether or not we would qualify to deduct our expenses under the definition of "maintaining and improving skills." Any suggestions?
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